B.C. Securities Commission bans Pyper for five years

(May 11 – 14:00) – The British Columbia Securities Commission has banned John Pyper from trading securities for five years and ordered the former equity analyst to pay $27,000 in penalties and costs associated with the hearing into his conduct. The ban comes after a commission panel in March 2000 found Pyper contravened the Securities Act in April and May 1997 by engaging in the practice of frontrunning.

In making its decision, the panel noted that, while Pyper’s career may have been “devastated” by reason of his becoming unemployable in his chosen field, the seriousness of his conduct required that orders be made in the public interest.