/EINPresswire.com/ -- VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/26/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Teresa Kathleen de La Boursodiere has admitted that she engaged in unregistered advising.

The agreement states that de La Boursodiere solicited $15,000 AUD from an Australian resident and offered to trade in derivatives on her behalf. In May 2009, the same client invested an additional $15,000 AUD with de La Boursodiere. From 2007 through late 2010, de La Boursodiere, a B.C. resident, used a self-directed online trading account in B.C. to conduct trades without registration and without any available exemptions.

The trading performed by de La Boursodiere was unsuccessful and in late 2010, the client asked de La Boursodiere to close out her positions and return her funds. Several months later, de La Boursodiere paid back $6,938.58 AUD to the client. In May 2016, de La Boursodiere repaid the remaining $26,061.42 AUD, fully returning her investment.

De La Boursodiere has agreed to pay to the BCSC $7,500 in respect to the settlement of this matter. She is also prohibited from trading in securities (with limited exceptions) and from becoming or acting as an adviser for a period of three years.

You may view the settlement agreement on our website www.bcsc.bc.ca by typing Teresa Kathleen de La Boursodiere or 2016 BCSECCOM 163 in the search box. Information regarding disciplinary proceedings can be found in the Enforcement section of the BCSC website.

Please visit the Canadian Securities Administrators' Disciplined List for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

--  A securities market that is fair and warrants public confidence
--  A dynamic and competitive securities industry that provides investment
    opportunities and access to capital

Learn how to protect yourself and become a more informed investor at www.investright.org.

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