The Nova Scotia Securities Commission has settled with TradeStation Securities Inc., which admitted to managing futures accounts for Nova Scotia investors without registering with the commission.

TradeStation is a U.S. licensed broker dealer, and registered futures commission merchant with a head office in Plantation, Florida. It was not registered to trade securities in Nova Scotia.

Between Jan. 1, 2006 and Dec. 31, 2008, TradeStation maintained four self-directed futures accounts for investors in Nova Scotia.

Under the order and settlement agreement, TradeStation will pay an administrative penalty of $7,500 to the commission. It will also pay $2,500 in costs connected with the investigation and conduct of the proceedings.

IE