03:54 PM EST - Clarke Inc. : announced that the Nova Scotia Securities Commission has approved a settlement agreement between Clarke and staff of the Commission. The settlement is related to staff's investigation of a 2005 trade by Clarke in the securities of Advanced Fiber Technologies or AFT Income Fund that was initially announced by Clarke in February 2008. The settlement agreement acknowledges that Clarke between 2005 and 2008 approved new internal policies and procedures and that Clarke co-operated with staff of the Commission in its investigation. Clarke said that it will pay $300,000 toward an administrative penalty under the settlement agreement, as well as $15,000 toward costs of the investigation. The company stated that a special committee of Clarke's board of directors oversaw the settlement agreement. Clarke Inc.
shares T.CKI are trading down $0.32 at $3.32.
