Golden Capital Securities Ltd. intends to seek leave to appeal a British Columbia Securities Commission panel decision to uphold disciplinary action taken by the Investment Industry Regulatory Organization of Canada (IIROC) against the firm, IIROC said Monday.In late 2007 and early 2008, an IIROC hearing panel found that Golden Capital contravened IIROC bylaws by withholding […]
British Columbia Securities Commission panels have reciprocated enforcement orders against five individuals sanctioned by securities commissions in Alberta and Ontario.The Alberta Securities Commission imposed sanctions on Milowe Brost, Edna Forrest, Carol Weeks and Bradley Regier in a decision rendered July 10, 2007 in Capital Alternatives Inc., Re, 2007 ABASC 482. The BCSC panel reciprocated the […]
Read the risk disclosure in the offering memorandum, regulators advise
Penalty and costs called “reasonable and appropriate”
A British Columbia Securities Commission panel has found that two Quebec residents illegally purchased the shares of a publicly traded company before it had disclosed material facts to the market.Kegam Kevin Torudag and Lai Lai Chan admitted to buying the shares of Icon Industries Limited, a TSX Venture Exchange listed issuer, before the company’s acquisition […]
Disgraced former mutual fund dealer Ian Thow was arrested Tuesday by members of Oregon’s fugitive task force as he left a condominium in Portland.Thow, former senior vice president of Berkshire Investment Group Inc. in Victoria, faces 25 counts of fraud. The charges cover about $10 million in phony investments that Thow allegedly sold to clients […]
Penalty reduced to $250,000
British Columbia Securities Commission panels have made reciprocal enforcement orders against 10 individuals sanctioned by securities commissions in Alberta, Ontario and New Brunswick.They are Jose Castaneda, David Simpson, Jerome Stanislaus Xavier, Lorne Drever, Harry Niles, Liedong (Leon) Gu, Blair MacDougall, William M. Mallinson, Paul Norman Oliver, and Robert Waxman.Castaneda, Simpson, Drever and Niles are subject […]
Pair admits Rockport made unreasonable financial projections in its offering documents
De facto director failed to file insider trading reports: BCSC