A panel of the New Brunswick Securities Commission (NBSC) issued an order banning Bradley Andrew Murray, of Moncton, from trading in securities with the public in New Brunswick for a period of 10 years.

This order follows the conclusion of an RCMP investigation, in which Murray was accused of selling shares in his lighting company in a manner that constituted fraud. He was convicted of fraud over $5,000 by the criminal court system and has served a sentence of two years in prison. This case involved a single investor who lost in excess of $100,000.

The hearing held on Nov. 24, 2009 resulted in an order which namely bans Murray from becoming or acting as a director or officer of any issuer, registrant or mutual fund manager, except with respect to a company which is wholly owned by him, for a period of 10 years.

IE