Advisor receives lifetime ban

Advisor receives lifetime ban

9 Comments
  • Ross Birney 2015-12-02 11:36:54 AM
    ... and yet not a dime of these fines will ever be collected nor will the investors recover any of their losses.
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  • Murray Schultz 2015-12-02 12:23:25 PM
    Don't know the details of this case but do know that the BCSC (and other regulators) are doing their job when crooks take money from innocent investors and then re-purpose that money for use in other businesses (on which no return or return of capital is generated) and for use as their personal piggy bank. In the USA these white collar crimes are also generating significant jail time (in excess of 10 years). I wonder how many of Canada's fraudsters would be willing to trade the money they stole for 15 years in a federal prison?
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  • Ken MacCoy, CHS 2015-12-02 1:04:14 PM
    Good news Nick.

    But, what are the odds that the British Columbia Securities Commission (BCSC) will ever collect?

    If the BCSC is anything like the MFDA, then their bark is worse than their bite.

    It would be nice to know if the worm was ever charged for fraud and did any jail time.
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