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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers -- Ignore unavailable to you. Want to Upgrade?

To: hank2010 who wrote (30428)	1/21/2007 8:15:06 PM
From: Rocket Red	Respond to of 78416

The Vancouver Sun reports in its Tuesday edition that a Howe Street promoter has agreed to a 15-month suspension after admitting he traded shares in five Vancouver junior companies through an offshore account without disclosing the trades. Reporter David Baines says that David Patterson, who has been active as a promoter for at least 16 years, also agreed to pay $50,000 in costs and penalties to the British Columbia Securities Commission. The suspension prohibits Mr. Patterson from trading stock or acting as a director or officer of any B.C. public company. He will, however, still be permitted to promote stocks. "Mr. Patterson makes his living in investor relations and he is pleased the commission saw fit to enable him to continue in those activities," says his lawyer, Mark Skwarok. The penalties are relatively light compared with sanctions imposed against two former associates, promoter Terry Alexander and lawyer Michael Seifert. Mr. Patterson's penalty has reportedly been characterized as an "offshore jaywalking ticket."