As part of a settlement agreement with the British Columbia Securities Commission (BCSC), Scotia Capital Inc. has paid $65,000 for trading in securities that were subject to cease trade orders (CTOs) and a halt trade order (HTO), on behalf of B.C. clients. The agreement states that Scotia, which is registered as an investment dealer in B.C., made trades in the securities of 14 companies that were the subject trade prohibitions by the BCSC between August 2006 and June 2012. According to the settlement agreement, Scotia acknowledged that it received timely notification of the orders prohibiting the trades via the Canadian Securities Administrators email blast alert. At various times, Scotia’s online retail brokerage division operated through three different entities: Scotia McLeod Direct Investing; Trade Freedom Securities Inc. (which Scotia acquired in 2007); and Scotia iTRADE (previously known as E*TRADE Canada Securities Corporation, which Scotia acquired in 2008). Before Scotia
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