Sanctions seek deterrence, level playing field for compliant crypto firms
Self-directed investors prioritize convenience, control, costs
NovaTech allegedly took more than US$650 million from investors globally
New SCC ruling allows fraudsters to escape regulatory penalties via bankruptcy
Regulators' penalties don't survive bankruptcy, but disgorgement orders do, court finds
Constitutionality of regulator's investigative tools upheld on appeal
Firm fined $12,000 for violations involving insurance requirements
Former rep's objection to regulator's investigative powers stayed
BCSC previously sanctioned participants in private placement scheme
Firm resolved allegations of KYC, suitability, conflict failures