A former Vancouver company president, who admitted that he created the false impression of trading activity in his company’s stock by trading the stock between brokerage accounts that he held, has agreed to a five-year ban from the markets.

Kenneth Keating admitted to engaging in 105 wash trades by buying and selling the shares of International Parkside Products Inc. between Dec. 1, 1997 and Nov. 30, 1999.

Keating was the president and a director of International Parkside during the time when he did the trades but has since resigned. He admitted that the trades resulted in a misleading appearance of trading activity and was contrary to the public interest. He also failed to file insider reports for 185 trades in the shares of International Parkside.

In the settlement, Keating agreed to not act as an officer or director of any reporting issuer for five years and must also pay the commission $12,500.