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Pressemitteilungen zu dem Thema british columbia securities commission


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PresseMitteilungen zu dem Schlagwort british columbia securities commission


Vancouver man arrested for multiple Criminal Code and Securities Act offences

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/23/17 -- Ayaz Dhanani (a.k.a. Alex Dhanani, Azim Virani, Michael Lee, Alex Nebris, Paul Dhanani, Samuel Ramos and Rahim Jiwa), 37, of Vancouver, B.C., was arrested on October 2, 2017, following an investigation by the Criminal Investigations Branch of the British Columbia Securities Commission (BCSC). He was arrested in Vancouver with assistance from the Vancouver Police and is in custody pending a bail hearing. A trial date has yet to be set. ...


23.10.2017

BCSC panel issues reciprocal orders against two individuals

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/10/17 -- A British Columbia Securities Commission (BCSC) panel has reciprocated enforcement orders against two individuals sanctioned by the Investment Industry Regulatory Organization of Canada and the United States Securities and Exchange Commission. They are:Marcel Anil RadaRandi A. BochinskiFor more information on the orders, search for Marcel Anil Rada or Randi A. Bochinski at .The Canadian Securities Administrators maintains national data ...


10.10.2017

Significant improvements in investor knowledge following new fee disclosure documents, BCSC study finds

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/02/17 -- A study commissioned by the British Columbia Securities Commission (BCSC) shows that new fee disclosure reports have produced a positive overall effect on investor knowledge and behaviour. Canadian investors began receiving new charges and compensation reports, required under securities rules known as the Client Relationship Model, Phase 2 (CRM2), in January 2017. The three-part longitudinal study tracked investor knowledge and behavio ...


02.10.2017

West Vancouver man sentenced to six months in prison for breaching a Commission order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/29/17 -- On May 23, 2017, Frederick Johnathon Nielsen (a.k.a. Fred Nelson and Frederick Gilliland), 65, a resident of West Vancouver, pleaded guilty to breaching an order of the British Columbia Securities Commission (BCSC). On September 25, 2017, Nielsen was sentenced in North Vancouver provincial court to six months jail and ordered to pay $10,000 in restitution.On March 25, 2011, the BCSC issued an order under the Securities Act as a result ...


29.09.2017

BCSC panel dismisses allegations that B.C. man and company distributed securities without a prospectus

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/26/17 -- A British Columbia Securities Commission (BCSC) panel has dismissed allegations that Kenneth William Trociuk and CAAS Mining Corporation distributed securities without a prospectus. The panel also dismissed the allegation that Trociuk provided false or misleading information to the Executive Director.CAAS was a company incorporated under the laws of B.C. on January 13, 2010. Trociuk incorporated CAAS (or had it incorporated on his beha ...


26.09.2017

Changes to start-up crowdfunding exemption will increase access to capital for B.C. issuers

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/21/17 -- The British Columbia Securities Commission (BCSC) today announced improvements to crowdfunding rules that will enable B.C.-based issuers to access investors in Alberta when conducting crowdfunding campaigns. The amendments also permit an increased investment, for some investors, of up to $5,000."With these amendments, B.C. is harmonizing the crowdfunding regime and providing start-up and early stage issuers with access to more pot ...


21.09.2017

B.C. Securities Commission grants landmark bitcoin investment fund manager registration

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/06/17 -- The British Columbia Securities Commission (BCSC) today announced the first registration of an investment fund manager in Canada solely dedicated to cryptocurrency investments. The BCSC has granted First Block Capital Inc. registration as an investment fund manager and an exempt market dealer in order to operate a bitcoin investment fund."Cryptocurrency investments are a new and novel form of investing in Canada. We have seen from ...


06.09.2017

BCSC panel finds that former registrant committed fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/21/17 -- A British Columbia Securities Commission (BCSC) panel has found that Lynne Rae Nickford (a.k.a. Lynne Rae Zlotnik) perpetrated fraud on 13 investors.Nickford had previously been registered as a scholarship fund salesperson from 1991 to 1993 and as a mutual fund salesperson from 1998 to 2008, but was not registered under the Securities Act during the relevant period. She was also the sole proprietor of Lynne Zlotnik Wealth Management (L ...


21.08.2017

B.C. Securities Commission and Vancouver Police arrest Surrey man for fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/14/17 -- Ravinderpaul Singh Mangat (a.k.a. Rob Mangat), 44, of Surrey, B.C., was arrested on August 5, 2017, following an investigation by the British Columbia Securities Commission''s Criminal Investigations Branch. The warrant for Mangat''s arrest was issued in connection with fraud charges against Mangat under the Criminal Code, which were sworn June 1, 2017. Mangat was arrested in Vancouver on the outstanding warrant by ...


14.08.2017

BCSC sanctions Victoria man and mortgage company for illegal distributions

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/10/17 -- A British Columbia Securities Commission (BCSC) panel has ordered monetary sanctions and temporary market bans against Lance Sandford Cook for illegal distributions. His company CBM Canada''s Best Mortgage Corp. also received temporary market bans.Cook, a Victoria, B.C. resident during the relevant period, was a mortgage broker registered in B.C., and the president and sole director of CBM. CBM was a mortgage broker company r ...


10.08.2017

British Columbia Securities Commission: Securities regulator issues amended notice of hearing alleging fraud and illegal distribution

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/26/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued an amended notice of hearing alleging that Prabhjot Singh Bakshi and SBC Financial Group Inc. (SBC) illegally distributed securities and also alleging that Bakshi committed fraud.The notice alleges SBC and Bakshi sold $3 million of SBC securities without being registered. Furthermore, prospectus exemptions were not available for $2.3 million of these ...


26.07.2017

BCSC settles with former B.C. resident for breaching national mining standard

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/21/17 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Wally Elmer Boguski admitted to his responsibility for the deficient disclosure of two junior mineral exploration companies.Boguski was a B.C. resident during the relevant period and the president, CEO, and a director of both Victory Resources Corporation and Sierra Iron Ore Corporation (now known as Crystal Lake Mining Corporation). Boguski is no longer ...


21.07.2017

Investor Alert: BCSC issues warning about Vancouver Stock Exchange Corp.

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/19/17 -- The British Columbia Securities Commission (BCSC) has become aware that a British Columbia (B.C.) company called Vancouver Stock Exchange Corp. (VSEC) appears to have been issuing stock exchange listings to companies in China and B.C. VSEC claims to operate from Kitimat, B.C., with an enquiry centre in Shenzhen, China.VSEC holds itself out as being the old Vancouver Stock Exchange (VSE). In fact, the VSE no longer exists, as it merged ...


19.07.2017

BCSC alleges that B.C. mining company made false or misleading statements in its public filings

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/30/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Mountainstar Gold Inc. made false or misleading statements in its required public filings. The notice also alleges that, as an officer and director of Mountainstar, Brent Hugo Johnson is liable for Mountainstar''s misconduct.Mountainstar is a reporting issuer under the Securities Act and Johnson was its pre ...


30.06.2017

BCSC releases 2017 Compliance Report Card

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/28/17 -- The British Columbia Securities Commission (BCSC) today released its 2017 Compliance Report Card. The annual report card summarizes the findings from the BCSC''s compliance reviews of B.C.-based portfolio managers, investment fund managers, and exempt market dealers over the last fiscal year."Our goal is to foster a culture of compliance with our market participants," said Mark Wang, Director of Capital Markets Reg ...


28.06.2017

BCSC panel finds that former Whistler resident engaged in market manipulation

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/27/17 -- A British Columbia Securities Commission (BCSC) panel has found that Volkmar Guido Hable engaged in market manipulation and submitted false information to the Commission.Hable was a Whistler, B.C. resident and the executive vice president of mining and exploration of Samaranta Mining Corporation during the period relevant to the findings.The panel found that on February 18, 2013, Hable wrote a letter on behalf of a company called Samar ...


27.06.2017

Vancouver man arrested for breaching a B.C. Securities Commission order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/21/17 -- Won Sang Shen Cho (a.k.a. Craig Cho, Kevin Kim, Jae Hoon Kim), 46, of Vancouver, B.C., was arrested on June 13, 2017, following an investigation by the British Columbia Securities Commission''s (BCSC) Criminal Investigations Branch. The warrant for Cho''s arrest was issued in connection with multiple charges against Cho under the Securities Act. Cho was arrested at his residence in Vancouver with assistance from Van ...


21.06.2017

Coquitlam man arrested for breaching a B.C. Securities Commission order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/20/17 -- Rui Armando Figueiredo (a.k.a. Roy Figueiredo), 56, currently of Coquitlam, B.C., was arrested on June 13, 2017, following an investigation by the British Columbia Securities Commission''s (BCSC) Criminal Investigations Branch, with assistance from Surrey RCMP. The warrant for Figueiredo''s arrest was issued in connection with multiple charges against Figueiredo under the Securities Act, and he was arrested in Burna ...


20.06.2017

BCSC alleges fraud against three B.C. men and two mortgage investment corporations

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/16/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Donald Bruce Edward Wilson (Wilson), David Scott Wright (Wright), Patrick K. Prinster (Prinster), and two companies they controlled committed fraud. All three men are B.C. residents.DominionGrand II Mortgage Investment Corporation (DG Mortgage) and DominionGrand Investment Fund Inc. (DG Fund) are B.C.-based companies ...


16.06.2017

BCSC encourages former Bossteam E-Commerce investors to submit claims

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/08/17 -- The British Columbia Securities Commission (BCSC) is encouraging investors who lost money to Bossteam E-Commerce to submit their Proof of Claim online before August 4, 2017.On April 12, 2017, the BCSC announced that a Receiver had been appointed to administer a claims process to return funds to investors who lost money to Bossteam and its cofounders Yan Zhu (a.k.a. Rachel Zhu) and Guan Qiang Zhang. The Receiver has approximately $10 mi ...


08.06.2017

BCSC panel finds two B.C. men engaged in market manipulation

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/06/17 -- A British Columbia Securities Commission (BCSC) panel has found that David Tuan Seng Lim and Michael Mugford engaged in market manipulation.Lim, a Vancouver resident, was an investment advisor who was registered under the Securities Act during the relevant period. Mugford is a Lions Bay, B.C. resident, who was a client and business associate of Lim.The panel found that Lim and Mugford engaged in a market manipulation by creating an art ...


06.06.2017

BCSC panel fines and permanently bans Vancouver real estate developer for fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/18/17 -- A British Columbia Securities Commission (BCSC) panel has ordered monetary sanctions and permanent bans against Brendan James Schouw and his company Hornby Residences Ltd. for fraud.In January 2017, a BCSC panel found that Schouw, a Vancouver resident, convinced one investor to invest $1 million in Hornby for a Vancouver real estate project. After depositing the investor''s money into Hornby''s bank account, Schouw ...


18.05.2017

BCSC alleges three B.C. men and three companies committed fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/12/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that three B.C. men and three companies committed fraud against two investors.Alan Braun and Jerry Braun of Surrey, B.C. are the only directors of Braun Developments (B.C.) Ltd. (Braun Developments) and they were also directors of 0985812 B.C. Ltd., which did business as TerraCorp Investment Ltd. (TerraCorp).Steven Maxwel ...


12.05.2017

BCSC fines and orders temporary bans against West Vancouver woman for making false statements to investigators

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/09/17 -- A British Columbia Securities Commission (BCSC) panel has fined and issued certain temporary market bans against Christine Maria Cerisse for making false or misleading statements to BCSC investigators.In January 2017, the panel found that Cerisse made false or misleading statements in her answers to three questions during an interview with BCSC staff under oath in October 2013. In the same decision, the panel dismissed allegations of m ...


09.05.2017

BCSC announces new Corporate Finance director

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/04/17 -- The British Columbia Securities Commission (BCSC) today announced the appointment of John Hinze to Director of Corporate Finance."John is passionate about building vibrant capital markets in British Columbia that will give issuers the capital they need to grow and investors the information and opportunities they seek," said Peter Brady, Executive Director of the BCSC. "He is a hard-working, service-oriented executive wi ...


04.05.2017

BCSC panel finds Victoria man and mortgage company illegally distributed securities

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/25/17 -- A British Columbia Securities Commission (BCSC) panel has found that Lance Sandford Cook and CBM Canada''s Best Mortgage Corp. illegally distributed securities.Cook, a Victoria, B.C. resident during the relevant period, was a mortgage broker registered in B.C., and the president and sole director of CBM. CBM was a mortgage broker company registered in B.C. that was dissolved in June 2014 for failing to file annual reports. Co ...


25.04.2017

B.C. woman settles with BCSC for fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/19/17 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Virginia Tan has admitted that she fraudulently raised at least $30 million from investors.Before 2011, Tan, a B.C. resident, raised funds from investors, issued them promissory notes, and used the funds for short-term, high interest loans to individuals and small businesses. After 2011, Tan continued to raise funds from investors and to issue promissory ...


19.04.2017

Receiver appointed to distribute more than $10 million to investors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/12/17 -- On April 7, 2017, the B.C. Securities Commission applied to the Supreme Court of British Columbia for an order appointing Grant Thornton Limited as a Receiver, to distribute to investors, certain funds of Bossteam E-Commerce Inc., Yan Zhu (a.k.a. Rachel Zhu), and Guan Qiang Zhang. The Court granted the order and Grant Thornton Limited will now administer a claims process to return funds to investors.The Commission issued freeze orders ...


12.04.2017

BCSC settles with Surrey man for unregistered trading

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/28/17 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Godwin Ifeanyi Ude, a Surrey, B.C. resident, has admitted he traded securities without being registered.The agreement states that between April 2011 and May 2013, Ude advertised, solicited, and acted in furtherance of trades of high-yield investment program (HYIP) securities. Ude, who has never been registered under the Act, formed an investors group cal ...


28.03.2017

BCSC gives notice of funds received in Kuit case

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/21/17 -- The British Columbia Securities Commission (BCSC) today gave notice that it received $75,984.92 from an order the Executive Director made under section 161(1)(g) of the Securities Act on February 17, 2017 against Winston King-Loong Kuit.On February 17, 2017, the BCSC entered into a settlement agreement with Winston King-Loong Kuit, a B.C. resident, for unregistered trading, unregistered advising, and distributing securities without a ...


21.03.2017

BCSC settles with B.C. men for breaching a cease trade order and illegally distributing securities

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/17/17 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Robert Alexander Sim and Brian Edward Sims have admitted they breached a cease trade order and illegally distributed securities in First Choice Products Inc. Both men are B.C. residents and were officers and directors of First Choice during the relevant period. Robert Sim was First Choice''s CEO and Brian Sims was the company''s CFO.Th ...


17.03.2017

BCSC and MFDA enter into settlement agreements with B.C. resident

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/14/17 -- The British Columbia Securities Commission (BCSC) and the Mutual Fund Dealers Association of Canada (MFDA) have entered into settlement agreements with B.C. resident Winston King-Loong Kuit.In his agreement with the BCSC, Kuit has admitted that he engaged in unregistered trading, unregistered advising, and distributing securities without a prospectus.Between August 2010 and September 2014, Kuit acted as a finder for SBC Financial Group ...


14.03.2017

BCSC wants investors to know how, and why, to conduct a background check

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/06/17 -- This Fraud Prevention Month, the British Columbia Securities Commission (BCSC) wants B.C. investors to learn how to conduct a background check on their investment advisor, and why it''s important to do that, before they invest.To illustrate why, the BCSC has launched a music video featuring a fictional fraudster crooner who sings the warning signs of investment fraud in a song called ."The ''Fraudster Crooner&# ...


06.03.2017

BCSC alleges two B.C. residents and company committed fraud through a boiler room and breached cease trade order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/01/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that two B.C. residents and a company committed fraud using a boiler room and breached a cease trade order.The notice alleges that Titan-West Explorations Inc., Darren Scott Davidson, and Paul Webster fraudulently sold shares of Titan-West, a placer gold mining company incorporated in B.C. Davidson was a director, presid ...


01.03.2017

CORRECTION FROM SOURCE: BCSC panel finds that five people and two companies illegally distributed securities

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/28/17 -- A British Columbia Securities Commission (BCSC) panel has found that SunCentro Corporation; John Leonard Carswell; Robert Thomas Helina; Donald Weiss; YDS Energy, Resources and Humanitarian Relief Corporation; Yawar Sattar Khan; and David Kenge Kato illegally distributed securities to investors without a prospectus.SunCentro is a Nevada corporation that has never filed a prospectus under the Act. Carswell is a B.C. resident and is SunC ...


28.02.2017

BCSC panel fines and permanently bans B.C. sisters for fraud and illegal distributions

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/28/17 -- A British Columbia Securities Commission (BCSC) panel has permanently banned Siu Mui "Debbie" Wong and Siu Kon "Bonnie" Soo from B.C.''s capital markets for illegal distributions and multiple acts of fraud. In the same decision, the panel also ordered permanent bans against two joint venture companies for illegal distributions. Wong and Soo are sisters and residents of B.C.In June 2016, the panel found th ...


28.02.2017

BCSC panel finds that five B.C. residents and two companies illegally distributed securities

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/27/17 -- A British Columbia Securities Commission (BCSC) panel has found that SunCentro Corporation; John Leonard Carswell; Robert Thomas Helina; Donald Weiss; YDS Energy, Resources and Humanitarian Relief Corporation; Yawar Sattar Khan; and David Kenge Kato illegally distributed securities to investors without a prospectus.SunCentro is a Nevada corporation that has never filed a prospectus under the Act. Carswell is a B.C. resident and is SunC ...


27.02.2017

BCSC settles with B.C. woman for breaching the Act

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/17/17 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Vicky Dancho (a.k.a. Ju Huang) has admitted to breaching the Securities Act by signing promissory notes for investments to which no exemptions applied. Dancho is a B.C. resident who has never been registered under the Act.The agreement states that between April 2008 and August 2012, Pegasus Pharmaceuticals Group Inc., a B.C. company, raised money from inv ...


17.02.2017

BCSC panel issues large fines and permanent bans against two individuals for fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/16/17 -- A British Columbia Securities Commission (BCSC) panel has permanently banned Richard Lian (also known as Richard Terry Ruuska) and Enna M. Keller from B.C.''s capital markets for fraud and breaches of cease trade and temporary orders. In the same decision, the panel also ordered permanent bans against EagleMark Ventures, LLC and Falcon Holdings, LLC for breaching the same cease trade and temporary orders. The panel also found ...


16.02.2017

BCSC issues partial variation orders permitting sales of cease-traded securities to investment dealers

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/09/17 -- Today, the British Columbia Securities Commission (BCSC) issued two new instruments aimed at providing cost-effective and straightforward relief to holders of dormant cease-traded securities.The new instruments will allow clients of investment dealers who hold cease-traded securities an opportunity to sell those securities to their investment dealer, provided specific conditions are met. The instruments will also provide cost savings ...


09.02.2017

BCSC issues temporary order to stop capital raising during investigation

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/07/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a temporary order to allow BCSC staff to complete their investigation into whether 13 people and nine companies have violated securities legislation. The respondents have raised approximately $36 million from over 300 investors.According to the temporary order, Aik Guan "Frankie" Lim and Scott Thomas Low, both B.C. residents, are the foundi ...


07.02.2017

BCSC panel finds West Vancouver woman made false statements to investigators and dismisses allegations of misrepresentation, market manipulation, and illegal distribution

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/03/17 -- A British Columbia Securities Commission (BCSC) panel has found that Christine Maria Cerisse made false or misleading statements to BCSC investigators. In the same decision, the panel dismissed allegations of misrepresentation, market manipulation, and illegal distribution against Cerisse and two other B.C. residents, Laurence (a.k.a. Lawrence) Frederick Austin, and Thomas John Sadler.In a notice of hearing issued August 24, 2015, the ...


03.02.2017

BCSC panel finds that Vancouver real estate developer committed fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/02/17 -- A British Columbia Securities Commission (BCSC) panel has found that Brendan James Schouw and Hornby Residences Ltd. perpetrated fraud on an investor.The panel found that in November 2009, Schouw convinced one investor to invest $1 million in Hornby for a Vancouver real estate project. The investor received an investment certificate promising 18 per cent simple interest to accrue annually. Schouw is a Vancouver resident and real estate ...


02.02.2017

BCSC panel orders B.C. company to pay disgorgement

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/27/17 -- A British Columbia Securities Commission (BCSC) panel has found that Havenplex Holdings Ltd. engaged in an illegal distribution and has ordered Havenplex to pay a disgorgement.The panel found that in the fall of 2013, Havenplex received $55,000 from the sale of its promissory notes to two investors. In February 2014, one of the investors invested a further $50,000 in Havenplex through the company''s president. Havenplex is a ...


27.01.2017

BCSC alleges former registrant and company sold securities illegally

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/25/17 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Prabhjot Singh Bakshi, a B.C. resident, and SBC Financial Group Inc. traded securities without being registered and illegally distributed securities.The notice alleges that between August 2010 and September 2014, Bakshi and SBC sold $3 million of securities of SBC without being registered. Prospectus exemptions were ...


25.01.2017

BCSC Seeking Input from BC Fintech and Tech Firms

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/24/17 -- The British Columbia Securities Commission (BCSC) today released an , published a new tech industry , and announced a dedicated Tech Team as a part of its ongoing outreach aimed at BC fintech and tech companies as well as other stakeholders active in these sectors."The BCSC supports innovation and the adoption of new technologies in the financial services sector," said Brenda Leong, BCSC Chair and CEO. "We understand tha ...


24.01.2017

BCSC study confirms investors need to learn more about fees

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/23/17 -- Just in time for RRSP season, many investors will receive new information about the fees they pay for investment products and advice, and the British Columbia Securities Commission (BCSC) wants to ensure that investors are ready to "Take a Look" at that information.The BCSC launched its Take a Look campaign in October 2016 to encourage investors to pay attention to the fees they pay for investment products and advice. And acc ...


23.01.2017

BCSC panel fines and permanently bans B.C. man for fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/20/16 -- A British Columbia Securities Commission (BCSC) panel has permanently banned Ayaz Dhanani (aka Azim Virani, Michael Lee, Alex Nebris, Paul Dhanani, Samuel Ramos, and Rahim Jiwa) from B.C.''s capital markets for fraud.In May, the panel found that Dhanani, a B.C. resident, fraudulently raised a total of $188,800 from three investors in exchange for promises to purchase shares in three resource companies that Dhanani claimed wer ...


20.12.2016

BCSC issues notice of hearing and temporary order against B.C. man alleging a pump and dump scheme

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/13/16 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a temporary order and notice of hearing alleging that Volkmar Guido Hable orchestrated a pump and dump scheme and submitted false information to the Commission.The notice alleges that between February 18 and 22, 2013, Hable orchestrated a pump and dump scheme involving the securities of Samaranta Mining Corporation. As part of the scheme, Hable wrote ...


13.12.2016

BCSC alleges that B.C. man and company distributed securities without a prospectus

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/09/16 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Kenneth William Trociuk and CAAS Mining Corporation distributed securities without a prospectus. The notice also alleges that Trociuk submitted false information to the Executive Director.The notice alleges that in May 2011, CAAS Mining raised $15,000 from a B.C. resident (the investor) by distributing CAAS Mining sh ...


09.12.2016

BCSC Panel Permanently Bans Victoria Man for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/15/16 -- A British Columbia Securities Commission (BCSC) panel has permanently banned Larry Keith Davis from B.C.''s capital markets for fraud.In June 2016, the panel found that Davis, a Victoria, B.C. resident, committed fraud when he purported to sell an investor shares in a company that he did not own and instead used the investor''s money on personal expenses.In June 2011, Davis led the investor to believe that he owned ...


15.11.2016

BCSC settles with Panamanian investment dealer for unregistered trading

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/04/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Verdmont Capital, S.A. has admitted to trading securities on behalf of B.C. residents without being registered. Verdmont, an investment dealer based in Panama, filed for liquidation in January 2016 and is no longer operating.The agreement states that between January 2010 and August 2013, Verdmont traded securities on behalf of over 100 B.C. residents with ...


04.11.2016

British Columbia Securities Commission: B.C. man agrees to sanctions for breaching cease trade order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/21/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Richard Dean Reoji Nawata has admitted he breached a cease trade order issued by the Executive Director.Nawata, a B.C. resident, was the president, CEO and a director of record of Military International Limited (MIL). MIL is an Alberta company and a reporting issuer in B.C. whose shares at one time traded on the TSX Venture Exchange. On December 11, 2002, ...


21.10.2016

BCSC Encourages Investors to "Take a Look" at Investment Fees

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/17/16 -- The British Columbia Securities Commission (BCSC) today launched its new Take a Look campaign, encouraging British Columbians to pay attention to the fees they pay for investment products and advice. The campaign stems from new securities rules that now require investment advisors to give their clients more detailed information about fees and charges."Thanks to these new rules, information about investment fees will be more transp ...


17.10.2016

BCSC Panel Sanctions Richmond Man for Breaching a Commission Order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/06/16 -- A British Columbia Securities Commission (BCSC) panel has sanctioned William Raymond Malone, a Richmond, B.C. resident, for breaching an order prohibiting him from acting as a director or officer of any issuer and engaging in investor relations activities.On January 29, 2009, Malone entered into a settlement agreement with the BCSC. As part of the settlement, Malone was subject to an order prohibiting him from acting as a director or o ...


06.10.2016

BCSC Issues a Notice of Hearing Alleging a Pump and Dump Scheme

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/06/16 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Garo Aram Deyrmenjian, Raffi Khorchidian, Antoine Ratsaphong and EuroHelvetia TrustCo. S.A. (now known as EHT Corporate Services S.A.) orchestrated a pump and dump scheme.The notice alleges that in November 2010, the respondents obtained 13.8 million shares of Kunekt Corporation through private transactions. Kunekt i ...


06.10.2016

BCSC Alleges That Former Registrant and Four B.C. Companies Committed Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/26/16 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that a former registrant and four companies that he controlled committed fraud.The notice alleges that Paul Se Hui Oei, a Vancouver resident, perpetrated a fraudulent scheme in relation to securities of Cascade Renewable Carbon Corp. and Cascade Renewable Organic Fertilizer Corporation (collectively, Cascade). Oei, who wa ...


26.09.2016

BCSC Panel Issues Permanent Bans Against B.C. Man for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/21/16 -- A British Columbia Securities Commission (BCSC) panel has permanently banned Tin Chao Alan Lau from B.C.''s capital markets for fraud.In June, the panel found that Lau, a founder and director of a non-profit seniors'' centre, persuaded an elderly volunteer at the centre to invest $50,000 in the seniors'' centre in December 2013. Lau told the investor that his investment would be used to buy and resell good ...


21.09.2016

BCSC Releases New Videos Highlighting Changes to Client Reporting Requirements

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/13/16 -- The British Columbia Securities Commission (BCSC) has released to raise awareness about changes to how advisors must report to investors on the costs and performance of their investments, as well as the content of their accounts.The changes to reporting requirements are part of an initiative called the Client Relationship Model (CRM2). Under these new securities laws, advisors must provide to their clients:"Our research has shown ...


13.09.2016

BCSC Panel Finds That Two Individuals Committed Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 09/08/16 -- A British Columbia Securities Commission (BCSC) panel has found that Richard Lian, a United States resident, and Enna M. Keller, a B.C. resident, breached several securities laws, including perpetrating fraud against investors.The panel found that Lian and Keller raised approximately US $3.2 million by offering securities relating to Lexicon Building Systems Ltd., a manufacturing company that has been the subject of a cease trade order ...


08.09.2016

BCSC Announces New Director of Enforcement

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/23/16 -- The British Columbia Securities Commission (BCSC) today announced the appointment of Douglas Muir as Director of Enforcement effective September 7, 2016."Doug''s deep understanding of securities and administrative law, and broad regulatory experience make him uniquely qualified to bring strategic leadership to our critical Enforcement efforts," said Brenda Leong, Chair and CEO of the BCSC. "I welcome Doug to o ...


23.08.2016

Peter Brady Appointed Executive Director of the BCSC

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/23/16 -- Brenda M. Leong, Chair and CEO of the British Columbia Securities Commission (BCSC), is pleased to announce the appointment of Peter Brady to the position of Executive Director of the Commission, effective September 7, 2016."Peter brings a wealth of capital markets and regulatory experience to his new role," said Brenda Leong. "He will provide continued strong leadership to the Commission and I look forward to working i ...


23.08.2016

BCSC Panel Permanently Bans and Issues Financial Sanctions Against Former Registrant for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/23/16 -- A British Columbia Securities Commission (BCSC) panel has issued financial sanctions and market bans against Thomas Arthur Williams and his group of companies for fraud and illegal distributions. The panel also issued sanctions for illegal distributions against several of the finders Williams commissioned to help him raise money.Williams, a former registrant, controlled the following entities (collectively, the Global Group of Companie ...


23.08.2016

British Columbia Securities Commission: Roberto Castano Sentenced to 27 Months in Prison for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/18/16 -- The B.C. Supreme Court has sentenced Roberto Castano of Surrey, B.C. to 27 months in prison for fraud. Earlier this year, Castano plead guilty to one count of fraud over $5,000 against eight victims. Charges against Mr. Castano were approved by the Criminal Justice Branch following a British Columbia Securities Commission (BCSC) criminal investigation.The BCSC launched its investigation into Castano in September 2009, following a tip ...


18.08.2016

BCSC Panel Sanctions Real Estate Developer and Two Companies for Illegal Distributions

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/16/16 -- A British Columbia Securities Commission (BCSC) panel has sanctioned Alfredo Miguel "Michael" Yong, Inverlake Property Investment Group Inc., and Wheatland Business Park Ltd. for illegally distributing securities.Inverlake and Wheatland are Alberta corporations that were incorporated in March 2008 and June 2008, respectively. Inverlake and Wheatland were incorporated to raise money for the purposes of acquiring and holding la ...


16.08.2016

BCSC Panel Permanently Bans B.C. Man From Capital Markets

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/16/16 -- A British Columbia Securities Commission (BCSC) panel has permanently banned Gordon Brent Pierce from the province''s capital markets, citing his history of securities misconduct in British Columbia and in the United States.Pierce, a B.C. resident, is the subject of two orders issued by the U.S. Securities and Exchange Commission. The orders include sanctions for securities related misconduct in the U.S. and were issued in 20 ...


16.08.2016

British Columbia Securities Commission: B.C. Resident Agrees to Pay $10,000 for Breaching a Cease Trade Order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/08/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Harold Schneider has admitted to breaching a cease trade order (CTO).The agreement states that on August 6, 2013, the Executive Director of the BCSC cease-traded the securities of Western Standard Energy Corp. for failure to make required filings under the Securities Act. The Executive Director revoked the CTO on January 19, 2016. Schneider acted as the c ...


08.08.2016

BCSC Panel Finds That Richmond Man Breached Order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 08/05/16 -- A British Columbia Securities Commission (BCSC) panel has found that William Raymond Malone, a Richmond, B.C. resident, breached an order prohibiting him from acting as a director or officer of any issuer and engaging in investor relations activities.The panel''s decision states that on January 29, 2009, Malone entered into a settlement agreement with the BCSC. As part of the settlement, Malone was subject to an order prohibi ...


05.08.2016

BCSC Panel Issues Permanent Bans Against B.C. Man for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/13/16 -- A British Columbia Securities Commission (BCSC) panel has found that Rui ("Roy") Figueiredo and two companies that he controlled and was a director of committed a fraud on one investor.Figueiredo, a B.C. resident, was a director of PARE Realty Ltd. and 0929870 B.C. Ltd. Figueiredo and the companies were purportedly running a "rent to own" business, offering short term loans to home renters to help those renters make ...


13.07.2016

BCSC Panel Finds B.C. Resident Committed Fraud on One Investor

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 07/06/16 -- A British Columbia Securities Commission (BCSC) panel has found Larry Keith Davis committed a fraud on one investor.The panel found that Davis, a B.C. resident, committed fraud when he purported to sell an investor shares in a company that he did not own and instead used the investor''s money on personal expenses.In June 2011, Davis led the investor to believe that he owned shares in a U.S.-based company and that she could pu ...


06.07.2016

BCSC Panel Finds B.C. Sisters Committed Fraud and Engaged in Illegal Distributions

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/29/16 -- A British Columbia Securities Commission (BCSC) panel has found Siu Mui "Debbie" Wong, Siu Kon "Bonnie" Soo, and three joint venture companies they created engaged in illegal distributions and committed multiple acts of fraud. Wong and Soo are sisters and residents of B.C.The panel found that Wong and Soo illegally distributed securities in a joint venture company called Wheatland Industrial Park Inc., which has nev ...


29.06.2016

New Zealand Financial Service Provider Agrees to Pay $125,000 USD for Unregistered Trading in B.C.

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/27/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Asia Finance Corporation Ltd., a New Zealand company, has admitted it traded securities on behalf of B.C. residents without being registered, contrary to the Securities Act.The agreement states that Asia Finance promoted its securities trading services through its website, but did not post any restrictions or limitations on who may open accounts or use th ...


27.06.2016

CORRECTION FROM SOURCE: BCSC Panel Finds That B.C. Resident Committed Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/21/16 -- This document corrects and replaces the press release that was sent on June 21, 2016, at 9:30 a.m. PT.A British Columbia Securities Commission (BCSC) panel has found that Tin Chao Alan Lau committed a fraud on one investor.The panel found that in December 2013, Lau, a founder and director of a non-profit seniors'' centre formerly called the Canadian Low Income Seniors Affordable Housing Society, persuaded a volunteer at the c ...


21.06.2016

BCSC Panel Finds That B.C. Resident Committed Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/21/16 -- A British Columbia Securities Commission (BCSC) panel has found that Tin Chao Alan Lau committed a fraud on one investor.The panel found that in December 2013, Lau, a founder and director of a non-profit seniors'' centre formerly called the Canadian Low Income Seniors Affordable Housing Society, persuaded a volunteer at the centre to invest $50,000 in the seniors'' centre. Lau told the investor that his investment w ...


21.06.2016

HSBC Entities Settle With BCSC for Charging Clients Excess Fees

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/13/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), HSBC Investment Funds (Canada) Inc. (HIFC) and HSBC Private Wealth Services (Canada) Inc. (HPWS) have agreed they charged excess fees in some client accounts.HIFC has a policy to advise clients when their account holdings in an HSBC Mutual Fund qualify for the lower priced Premium Series investment funds. Due to inadequate controls and supervision, it did ...


13.06.2016

BCSC Panel Sanctions North Vancouver Man for Failing to File Insider Reports

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/08/16 -- A British Columbia Securities Commission (BCSC) panel has issued financial sanctions against Mark Aaron McLeary for failing to file insider reports and, because of his history of securities regulatory misconduct, has issued permanent market prohibitions.In December 2015, the panel found that McLeary, a resident of North Vancouver, failed to file insider reports for a substantial number of trades he made in two companies for which he wa ...


08.06.2016

BCSC Panel Fines and Permanently Bans Former Resident of Holland for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/03/16 -- A British Columbia Securities Commission (BCSC) panel has permanently banned John "Johny" "JFA" Ferdinand Alexander Spangenberg and two companies he incorporated from B.C.''s capital markets for perpetrating a fraud on investors and illegally distributing securities.In March 2016, the panel found that Spangenberg and the corporate respondents fraudulently raised over $170,000 from at least six B.C. residen ...


03.06.2016

BCSC Panel Finds That B.C. Resident Committed Fraud on Three Investors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 06/01/16 -- A British Columbia Securities Commission (BCSC) panel has found that Ayaz Dhanani, who went by multiple aliases, perpetrated a fraud on three investors.The panel found that Dhanani, a B.C. resident, fraudulently raised a total of $188,800 from three investors in exchange for promises to purchase shares in three resource companies that Dhanani claimed were about to go public. Dhanani promised each investor that their investments would i ...


01.06.2016

British Columbia Securities Commission: Vancouver Woman Agrees to Sanctions for Making False Statements to Investigators

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/16/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Kamaljeet Kaur Sumal has admitted that she made false statements to a to a BCSC investigator during a compelled interview.Sumal, a resident of Vancouver, B.C., was interviewed under oath by an investigator appointed under the Securities Act. The agreement states that Sumal made a misleading statement about the last time she had spoken to two directors of ...


17.05.2016

BCSC Supports Raising the Standards of Conduct for Registrants

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/28/16 -- The British Columbia Securities Commission (BCSC) today announced that it strongly supports taking action to strengthen the client-registrant relationship through a sweeping set of targeted reforms to the obligations that registrants owe to their clients (NI 31-103). Proposed targeted reforms to 31-103 were published for comment today in the CSA''s Consultation Paper 33-404: Proposals to Enhance the Obligations of Advisers, ...


28.04.2016

B.C. Securities Regulator Alleges B.C. Resident and Victoria Company Engaged in Illegal Distribution

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/26/16 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing alleging that Lance Sanford Cook and CBM Canada''s Best Mortgage Corp. (CBM) sold securities in breach of securities laws concerning prospectus requirements. CBM was a federal corporation with its head office in Victoria. Cook is a resident of B.C. and a former sub-mortgage broker. He was the president and sole director ...


26.04.2016

BCSC Panel Finds that Man Breached Settlement Order

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 04/07/16 -- A British Columbia Securities Commission (BCSC) panel has found that Brent Glen Jardine breached a settlement order prohibiting him from being a director or officer of any issuer by acting as a de facto director of Claridge Ventures Inc., a mining company quoted on the Over-the-Counter (OTC) market in the United States.The panel''s decision states that on October 4, 2007, Jardine entered into a settlement agreement with the B ...


07.04.2016

BCSC Urges Investors to Take Responsibility for Their Financial Futures

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/17/16 -- At an event held in support of Fraud Prevention Month, Paul Bourque, the Executive Director of the British Columbia Securities Commission (BCSC), today urged investors to take responsibility for their financial futures by educating themselves on the warning signs of fraud."One of the most significant reasons people fall for investment fraud is that they can''t actually recognize an outrageous offer when they see one.&quo ...


17.03.2016

Media Invited to Presentation by Executive Director of BC Securities Commission on Being a Responsible and Engaged Investor

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/17/16 -- (ii)THIS ADVISORY REPLACES THE VERSION SENT OUT YESTERDAY (MARCH 16) CONCERNING THE BCSC EVENT IN SUPPORT OF FRAUD PREVENTION MONTH. PAUL BOURQUE, EXECUTIVE DIRECTOR OF THE BCSC, WILL SPEAK IN PLACE OF BCSC CHAIR BRENDA LEONG. MR. BOURQUE WILL SPEAK ON THE IMPORTANCE OF FRAUD AWARENESS. (ii)In support of Fraud Prevention Month, Paul Bourque, Executive Director of the British Columbia Securities Commission (BCSC), will be delivering a s ...


17.03.2016

Vancouver Man Agrees to Sanctions for Illegal Trading and Unregistered Advising

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/16/16 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Patrick Aaron Dunn has admitted that he sold securities in breach of securities laws.The agreement states that Dunn, a resident of Vancouver, B.C., was registered as a dealing representative with two exempt market dealers from June 22, 2011 until October 11, 2013 and from November 8, 2013 until March 18, 2015.In early 2013, Dunn offered to help raise mone ...


16.03.2016

Media Invited to Presentation by BC Securities Commission Chair on Being a Responsible and Engaged Investor

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/16/16 -- In support of Fraud Prevention Month, Brenda Leong, Chair and CEO of the British Columbia Securities Commission (BCSC), will be delivering a short speech cautioning investors not to allow trust to prevent them from taking an active role in their investments.Research conducted by the BCSC shows that the trust B.C. investors have in their advisors can prevent them from practicing good investor behaviours. For example, 63 per cent of B.C. ...


16.03.2016

BCSC Panel Finds that Former Resident of Holland Committed Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/14/16 -- A British Columbia Securities Commission (BCSC) panel has found that John "Johny" "JFA" Ferdinand Alexander Spangenberg and two companies he incorporated perpetrated a fraud on investors and illegally distributed securities.The panel found that between June 2011 and December 2013, Spangenberg and the corporate respondents fraudulently raised over $170,000 from at least six B.C. residents in exchange for shares in Od ...


14.03.2016

BCSC Presents "Be Fraud Aware: The Musical" in Victoria to Help British Columbians Become Smarter Investors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 03/09/16 -- In support of Fraud Prevention Month, the British Columbia Securities Commission (BCSC) today surprised Victoria residents with a spontaneous live musical performance highlighting the dangers of investment fraud.Advertised only as a free coffee and tea giveaway at Murchie''s Tea & Coffee courtesy of the BCSC, patrons were surprised by a performance of "Be Fraud Aware: The Musical" - a two minute song about how ...


09.03.2016

BCSC Panel Issues Lifetime Ban Against Former Mutual Fund Salesperson for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/25/16 -- A British Columbia Securities Commission (BCSC) panel has fined and permanently banned Robert Bruce Rush from the province''s capital markets for fraud and illegally distributing securities.The panel found that Rush, a B.C. resident and former mutual fund salesperson, advised an investor that she could re-invest her locked-in pension in higher return investments and do so on a tax-free basis. The investor, a former client of ...


25.02.2016

BC Report Warns of Gap Between Investor Attitudes and Behaviours Ahead of RRSP Deadline

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/22/16 -- This RRSP season, the British Columbia Securities Commission (BCSC) is encouraging investors to make smarter decisions and learn more about the role they play when working with an investment advisor. The BCSC''s message is prompted by findings from research it commissioned showing that while most British Columbians agree they have responsibilities when it comes to investing, many neglect those responsibilities. According to t ...


22.02.2016

BCSC Panel Issues Lifetime Ban Against Woman for Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/19/16 -- A British Columbia Securities Commission (BCSC) panel has fined and permanently banned Doris Elizabeth Nelson from the province''s capital markets for fraud, illegally distributing securities, and lying to a commission investigator.Nelson operated a payday loan business through a group of companies (represented and promoted collectively as the Little Loan Shoppe) that was, in actuality, a Ponzi scheme. The panel found that Ne ...


19.02.2016

BCSC Announces New Enforcement and Capital Markets Regulation Directors

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 02/03/16 -- The British Columbia Securities Commission (BCSC) today announced the appointments of Peter Brady as Director of Enforcement, and Mark Wang as Director of Capital Markets Regulation."I look forward to continuing to work with Peter and welcome Mark as part of the executive team at the BCSC," said Paul Bourque, Executive Director of the BCSC. "Peter brings valuable industry experience gained in the private sector and at t ...


03.02.2016

BCSC Alleges Fraud and Illegal Distribution Against Two B.C. Residents and Purported Pharmaceutical Company (ENGLISH and CHINESE)

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/29/16 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a notice of hearing against Winter Huang (a.k.a. Dong Huang), Vicky Dancho (a.k.a. Ju Huang) and two B.C. incorporated companies alleging that they perpetrated fraud and distributed securities illegally.The notice states that Huang was a B.C. resident and a director and controlling mind of Pegasus Pharmaceuticals Group Inc. and Careseng Cancer Instit ...


29.01.2016

BCSC Panel Sanctions Tech Company and Two Vancouver Men for Illegally Distributing Securities

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 01/11/16 -- A British Columbia Securities Commission (BCSC) panel has sanctioned HRG Healthcare Resource Group Inc., Alexander Downie, and Daniel G. Mohan for illegally distributing securities. Downie was a director and founder of HRG, and Mohan was a director and chief executive officer of HRG. Neither has ever been registered to sell securities in B.C.HRG was in the business of developing and commercializing a web-based, bedside medical records ...


11.01.2016

BCSC Panel Fines and Orders Bans Against B.C. Company and Three B.C. Residents for Illegal Distribution

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 12/10/15 -- A British Columbia Securities Commission (BCSC) panel has fined and ordered bans against a B.C. company and three B.C. residents for illegally distributing securities.In June 2015, a commission panel found that Wireless Wizard Technologies Inc. (WWTI), Raymond Michael Roger Sasseville, Edith Marie Sasseville, and Richard Keller illegally distributed securities of WWTI.Ray Sasseville was involved in senior management of WWTI. Edith Sass ...


10.12.2015

BCSC Alleges that B.C. Man Committed Fraud

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/12/15 -- The Executive Director of the British Columbia Securities Commission (BCSC) has issued a alleging that a property developer and sole director of a B.C. company defrauded an investor.The notice alleges that Brendan James Schouw, a B.C. resident and the sole director of Hornby Residences Ltd., solicited an investment of $1,000,000 from an investor. Schouw provided the investor with an investment certificate, signed by Schouw as Presiden ...


12.11.2015

British Columbia Securities Commission: New National Research Reveals Personality Matters When it Comes to Investing (Eng and Fr.)

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 11/03/15 -- The British Columbia Securities Commission (BCSC) today released the , national research that examines client-advisor relationships in Canada, and introduces a new lens for understanding how personality affects Canadians'' investment decisions."Our Smarter Investor Study identifies five personality types within our sample group - confident, diligent, impulsive, reserved, and tumultuous," said Brenda Leong, Chair and ...


03.11.2015

BCSC Panel Finds That Kelowna Man Engaged in Illegal Distributions

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/28/15 -- A British Columbia Securities Commission panel has found that Rodney John Snider was involved in distributions of securities in breach of securities laws.The panel found that Snider, a resident of Kelowna during the relevant period, assisted in the sale of promissory notes to in Flag Resources (1985) Limited to four B.C. residents for proceeds of $21,000. Flag is an Alberta-incorporated mining company and reporting issuer in B.C. In 20 ...


28.10.2015

British Columbia Securities Commission: B.C. Resident Agrees to Pay $30,000 for Breaching National Mining Standard

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/27/15 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), James Francis (J. Frank) Callaghan has admitted that he made statements that breached National Instrument 43-101 Standards of Disclosure for Mineral Projects (NI 43-101). Callaghan is a B.C. resident and former officer and director of Barkerville Gold Mines Ltd.The agreement states that in June and August 2012, Barkerville disclosed mineral resource estim ...


27.10.2015

BCSC Panel Issues Reciprocal Orders Against 13 Individuals

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/15/15 -- A British Columbia Securities Commission panel has reciprocated enforcement orders against 13 individuals sanctioned by the Alberta Securities Commission, the New Brunswick Securities Commission, and the Ontario Securities Commission. They are:For more information on the orders, search for the person''s name at .The Canadian Securities Administrators (CSA) maintains national databases for and . These databases include all pe ...


15.10.2015



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