Savage Tele.com committed fraud, says BCSC panel
Regulator alleges Badshah committed fraud
The B.C. Securities Commission reports that various amendments to the province’s Securities Act have received Royal Assent.The amendments are designed to: harmonize with other provinces; strengthen compliance and enforcement powers; and improve investor protection, by giving secondary market investors a new right to sue public companies for damages caused by misleading disclosure. Some of the […]
The BCSC is inviting comments on the proposed rules until the end of the year
Expert panel to debate how to improve Canadian securities enforcement
A British Columbia Securities Commission panel has found that Ian Gregory Thow, a former mutual fund salesperson with Berkshire Investment Group Inc., perpetrated a multi-million dollar fraud between January 2003 and May 2005 when he took money his clients gave him to invest and instead spent it on himself.The commission panel found that Thow perpetrated […]
$450,000 administrative penalty was negotiated before court established $100,000 maximum limit
Budai receives lifetime ban
Aberdene head approved misleading press releases
The executive director of the British Columbia Securities Commission has issued a notice of hearing to extend a temporary order issued against a European-based bank that holds an account at a B.C. investment dealer where suspicious trading activity took place during a spam campaign.The notice of hearing states that Liechtenstein-based Hypo Alpe-Adria Bank AG trades […]