For his misconduct, Penstock has agreed to pay 55,000 to the BCSC,and to take the officers and directors course within one year of thedate of the agreement and provide proof of the completion of thecourse to the executive director. Additionally, Penstock must provideproof satisfactory to the BCSC that he has engaged current members ingood standing of the Institute of Chartered Accountants of BritishColumbia and the Law Society of British Columbia as advisors toiTokk, and that he has disclosed any order made against him or iTokkto those advisors.
Penstock is also prohibited from becoming or acting as a director or officer of any issuer or registrant for a period of five years,except for iTokk.