A former chairman and CEO of AimGlobal Technologies Co. Inc. has been fined $100,000 and banned from securities markets for nine years for violating B.C. securities laws.

Under the settlement with the B.C. Securities Commission, Steven de Jaray cannot be a director or officer of any public company. He also cannot engage in investor relations and he may only trade securities in restricted circumstances.

De Jaray failed to file notices and insider reports for his trading in AimGlobal’s shares between 1999 and 2002. Because of de Jaray’s failure to file, he was responsible for four misleading filings by AimGlobal.

Included in de Jaray’s settlement is $35,000 payable to the B.C. market watchdog for costs of the investigation.