stockmarketsindia.com

/CNW/ - On August 19, 2010, a Hearing Panel of the
Investment Industry Regulatory Organization of Canada (IIROC) accepted a
Settlement Agreement between IIROC staff and Malcolm Joseph McKimm.

As part of the agreement,
Mr. McKimm has agreed to pay a fine of $50,000 and costs of $5,000. Mr.
McKimm admitted that from 2002 to 2007 he engaged in conduct unbecoming
or detrimental to the public interest, contrary to IDA By-law 29.1 (now IIROC
Rule 29.1).

He admitted that he provided business advice and consultation to certain
business acquaintances, friends and clients, at times receiving
compensation for his services, without the knowledge or consent of his
firm. These consulting services on business planning and financing
arrangements were offered through MD Associates International Inc., of
which he and his wife were the sole directors.

The violations occurred while Mr. McKimm was a Registered Representative
with the Red Deer, Alberta sub-branch of Wolverton Securities Ltd., an
IIROC-regulated firm. IIROC began its investigation on January 29, 2008.
Mr. McKimm has not been registered with an IIROC-regulated firm since
resigning with cause from Wolverton in 2007.

The Hearing Panel will issue its Reasons and Decision at a later date.

IIROC is the national self-regulatory organization which oversees all
investment dealers and trading activity on debt and equity marketplaces
in Canada. Created in 2008 through the consolidation of the Investment
Dealers Association of Canada and Market Regulation Services Inc., IIROC
sets high quality regulatory and investment industry standards, protects
investors and strengthens market integrity while maintaining efficient
and competitive capital markets.

IIROC carries out its regulatory responsibilities through setting and
enforcing rules regarding the proficiency, business and financial
conduct of dealer firms and their registered employees and through
setting and enforcing market integrity rules regarding trading activity
on Canadian equity marketplaces.