B.C. Securities Commission's Criminal Investigations Team and Saanich Police arrest two men in Greater Victoria area
VANCOUVER, Aug. 29, 2012 /CNW/ - The British Columbia Securities Commission's Criminal Investigations Team and the Saanich Police Department have arrested two Greater Victoria area men and charged them each with two counts under the Securities Act. The charges relate to selling securities without being registered and selling securities without a prospectus.
On August 28, Daniel Mark Jeremy Barton and Gregory Adam William Gillespie were arrested by the BCSC's Criminal Investigations Team without incident at their respective homes. The BCSC was assisted in the arrests by the Saanich Police. The Saanich Police and the Westshore RCMP also aided the BCSC during the investigation of Barton and Gillespie.
The BCSC is alleging that in 2008 and 2009, Barton and Gillespie distributed securities related to a purported real estate investment centred on 1250604 Alberta Ltd, an Alberta company controlled by Barton and doing business as both Oasis Properties and Caprice Investments. It is further alleged that Barton and Gillespie actively solicited investments in Oasis/Caprice without being registered, filing a prospectus or applying for exemptions.
The charges against Barton and Gillespie have not been proven.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.
Learn how to protect yourself and become a more informed investor at www.investright.org
SOURCE: British Columbia Securities CommissionFor further information:
For media inquiries, contact Richard Gilhooley, media relations, 604-899-6713.For public inquiries, call 604-899-6854 or 1-800-373-6393 (toll free).