BC Securities Enforcement Roundup – December 2014
In December, the BC Securities Commission (BCSC) issued two notices of hearing and one review of an Investment Industry Regulatory Organization of Canada (IIROC) panel decision. Neither the Mutual Fund Dealers Association of Canada (MFDA) nor IIROC issued any decisions or settlements relating to BC residents.
You can find a summary of some of the recent matters below:
A BCSC panel upheld the findings and sanctions decisions an IIROC panel made against Myatovic and Lowe.
In July 2012, the IIROC panel found that Lowe and Myatovic each failed in the role of gatekeeper by facilitating manipulative or suspicious trading activity. In March 2013, the IIROC panel permanently banned Myatovic from registration with IIROC and fined him $500,000. In the same decision, the panel suspended Lowe from registration with IIROC for three years, imposed a two-year period of strict supervision on re-registration, and imposed a fine of $100,000.
Access to more cases: