Enforcement Roundup – September 2017

In this edition of the Enforcement Roundup, we cover one British Columbia Securities Commission (BCSC) one criminal enforcement case and one panel decision.

BCSC Criminal Enforcement

Frederick Johnathon Nielsen (a.k.a. Fred Nelson and Frederick Gilliliand)

Nielsen pleaded guilty to breaching a BCSC order. He was sentenced in North Vancouver provincial court to six months jail and ordered to pay $10,000 in restitution.

In 2011, the BCSC issued an order against Nielsen that contained several market bans. An investigation by the BCSC’s Criminal Investigations Branch found that Nielsen breached the BCSC order in 2014.

For more on this case, view the Criminal Enforcement page on the BCSC’s public website.

BCSC Panel Decision

CAAS Mining Corporation and Kenneth William Trociuk

A BCSC panel dismissed allegations that Trociuk and CAAS Mining Corporation distributed securities without a prospectus. The panel also dismissed the allegation that Trociuk provided false or misleading information to the BCSC’s Executive Director.

Report a Concern

If you have any concerns about a person or company offering an investment opportunity, please contact BCSC Inquiries at 604-899-6854 or 1-800-373-6393 or through e-mail at [email protected]. You can also file a complaint or submit a tip anonymously using BCSC’s online complaint form.

InvestRight.org is the British Columbia Securities Commission’s investor education website.

Suggested Reading

BC Securities Enforcement Roundup - April 2016

BC Securities Enforcement Roundup – July 2014

Enforcement Roundup - November 2019

More Resources

BCSC Enforcement Roundup – April 2017

Stay up to date with Enforcement

BC Securities Enforcement Roundup – July 2014

In July, the BC Securities Commission (BCSC) issued seven notices of hearing and seven enforcement decisions. The Investment Industry Regulatory Organization of Canada (IIROC) released one enforcement decision and three settlement agreements relating to BC residents. The Mutual Fund Dealers Association (MFDA) did not release any decisions or settlement agreements during July relating to BC […]