The May 2021 edition of the Enforcement Roundup summarizes two enforcement actions from the British Columbia Securities Commission (BCSC).
BCSC Enforcement
Criminal Charges
Shaughnessy, a Vancouver resident, is accused of committing two counts of fraud over $5,000 and two counts of theft over $5,000 under the Criminal Code. The charges relate to crimes that allegedly took place in September and October 2017.
Shaughnessy, 48, was arrested on May 14 following a joint effort by the BCSC’s Criminal Investigations Branch and the Vancouver Police Department.
Read the news release for full details.
Settlement Agreements
Zhu, a Burnaby resident, who committed unregistered trading and advising, must pay $40,000 as part of a settlement agreement with the BCSC.
In addition to the financial sanctions, Zhu is prohibited for ten years from various securities-related activities.
Read the news release for full details.
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 the BCSC’s online complaint form.
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