A Moncton, N.B., woman faces two charges of fraud and two charges of misrepresentation under provincial securities laws, the New Brunswick Securities Commission (NBSC) reports.
The NBSC says that Charline Hurley, who was cease traded by the regulator earlier this year, was charged in provincial court Thueday over allegations that she perpetrated a fraud by making misrepresentations when soliciting investments.
The allegations have not been proven, and the commission says that Hurley is expected to enter a plea on November 27 in provincial court.
Back in January, an NBSC panel issued temporary cease-trade orders against Hurley, her estranged spouse — neither of whom have been registered with the commission — and Donat Robichaud Residence Inc. (DRRI), a company that operated residential care facilities for adults living with cognitive impairments (she is a director of the company).
The respondents agreed to the orders, which prohibit Hurley and DRRI from soliciting money for any investment-related activity and from relying on any exemptions to New Brunswick securities law. She is also prohibited from becoming or acting as a director or officer of any issuer, registrant or mutual fund manager. Those orders were to remain in effect until otherwise ordered by the commission.