VANCOUVER, Feb. 27, 2012 /CNW/ - A British Columbia Securities
Commission panel has sanctioned a B.C. man who breached securities laws
when he purchased securities in a mining company that was engaged in an
David Charles Greenway, a 35-year-old resident of B.C., purchased 68,500
shares of Global Uranium Corp. with knowledge of the company's
acquisition of mining claims in Arizona (known as the Anderson
Property) before that information was made public.
Greenway admitted that he was a person in a special relationship with
Global during the acquisition period and that his purchase contravened
the prohibition against illegal insider trading.
Noting several mitigating factors in Greenway's favour, the panel said
that Greenway should cease trade in, and be prohibited from purchasing,
any securities or exchange contracts of any company with whom he is in
a special relationship for one year.
Because Greenway had been under a similar prohibition for seven months
as a result of an undertaking he made to the TSX Venture Exchange, the
panel ordered the prohibition until July 22, 2012.
The panel also ordered Greenway to pay an administrative penalty of
The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the
province. You may view the decision on our website, www.bcsc.bc.ca, by typing David Charles Greenway or 2012 BCSECCOM 59 in the search
box. Information regarding disciplinary proceedings can be found in
the Enforcement section of the BCSC website.
Please visit the Canadian Securities Administrators' Disciplined Persons List for information relating to persons disciplined by provincial
securities regulators, the Investment Industry Regulatory Organization
of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).
Learn how to protect yourself and become a more informed investor at www.investright.org
SOURCE British Columbia Securities Commission
For further information:
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