B.C. Securities Commission

• $18M penalty handed to B.C. crypto platform owner who diverted clients’ cash

  The B.C. Securities Commission has imposed $18 million in sanctions on a cryptocurrency platform and its owner who diverted customers' assets to gambling and personal accounts.

  Dec 2, 2024
  
• B.C. woman ordered to pay over half a million dollars over real estate ‘Ponzi scheme’

  The B.C. Securities Commission (BCSC) has ordered Cherie Evangeline White and her company Kingdom Investments to pay $626,000 in financial sanctions.

  Crime

  Apr 15, 2024
  
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• B.C. Securities Commission alleges Kelowna man engaged in fraud, misrepresentation

  The BCSC alleges William Brent Meikle used more than $1 million of the funds for personal expenses, including $475,000 under a rent-to-own agreement for a luxury home in Kelowna.

  Crime

  Feb 22, 2024
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• B.C. hops farm fined over $1M for alleged fraud; regulator calls allegation ‘serious’

  The B.C. Securities Commission has fined the owner of a hop farm more than $1 million over allegations the owner misused investor funds.

  Jan 28, 2024
• Securities Commission alleges fraud committed by B.C. crypto firm

  The commission alleges the company diverted about $13 million worth of bitcoin and ether, another cryptocurrency, to two online gambling sites without authorization from customers.

  Economy

  May 2, 2023
• British Columbians scammed out of $24M in crypto-fraud schemes in 2022

  Canadians lost a whopping $530 million in 2022 to fraud and cybercrime, with $24 million in crypto-scam losses taking place in B.C. alone. Police offer tips to help prevent more.

  Crime

  Mar 22, 2023
• Securities commissions defend name-and-shame lists despite vast amount of unpaid penalties

  In the five years since the Ontario Securities Commission launched its "delinquent respondents list," a website page designed to expose violators of securities law who haven't paid their fines and other sanctions as ordered, only 16 of 432 names have been removed - 13 because they paid up and three because they've started payment plans.

  Canada

  Sep 10, 2017
• B.C. man charged for allegedly selling illegal shares

  Won Sang Shen Cho (a.k.a. Craig Cho, Kevin Kim, Jae Hoon Kim), 46, allegedly solicited over $270,000 from five investors from July 2015 to November 2016.

  Jun 21, 2017
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• Almost one-third of B.C. investors don’t know what they’re paying their advisers: study

  With RRSP season approaching, the B.C. Securities Commission (BCSC) is trying to make it easier for everyday investors to better understand the fees they're paying their financial advisers.

  Jan 24, 2017