VANCOUVER, Nov. 23, 2011 /CNW/ - A British Columbia Securities Commission panel has found that a woman
made false or misleading statements to commission staff while under
In January 2011, the executive director of the BCSC alleged in a notice
of hearing that Jo Ann Nuttall made false or misleading statements to
commission investigators during a compelled interview.
During the interview, Nuttall said she was unsure or could not recall
when she last traded securities or how she did her trading. The panel
found that she was a "sophisticated investor and a frequent trader" and
had traded securities the morning of the interview under a standing
order no more than two weeks old.
The commission panel found Nutall's responses to be "not remotely
credible" in light of the questions being "clear and framed
The panel directed the parties to make submissions on sanctions
according to the schedule set out in the findings.
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 Nuttall or 2011 BCSECCOM 521 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).
If you have questions, contact Richard Gilhooley, media relations,
604-899-6713. For public inquiries, call 604 899 6854 or 1 800 373 6393 (toll free).
Learn how to protect yourself and become a more informed investor at www.investright.org
SOURCE British Columbia Securities Commission
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