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 – January 2016

Enforcement Roundup - May 2019

BC Securities Enforcement Roundup - March 2016

More Resources

Enforcement Roundup – August 2017

Read the latest from the BCSC

BC Securities Enforcement Roundup – November 2015

Highlights the sanctions decision against Rodney Jack Wharram.