BCSC panels issue reciprocal orders against 10 individuals

VANCOUVER, Jan. 24 /CNW/ - British Columbia Securities Commission panels have reciprocated enforcement orders against one person convicted of fraud in a B.C. court, and nine individuals sanctioned by securities commissions in Alberta and Manitoba.

Using a section of the Securities Act that allows the commission to issue enforcement orders based on criminal convictions, a commission panel issued permanent market bans against Anwar Badshah, who pled guilty to three counts of fraud in a B.C. provincial court. 

In November 2007, the BCSC issued a notice of hearing against Badshah alleging fraud and other contraventions of B.C. securities laws. The commission put the hearing on hold until the criminal proceedings concluded.

BCSC panels also reciprocated orders against nine individuals sanctioned by the Alberta and Manitoba Securities Commissions. They are:

Robert Michael Smylski   Neil Andrew McDonald
Vernon Arnold Krikke   Mark Adrian Jones
Michael Edward Lepitre   Leonard Jonathan Zielke
John Jenkins     Delroy Atwood
Mario Di Fonzo   

For more information on the orders, search for the person's name at www.bcsc.bc.ca. Their names will also appear on a disciplined persons list, and, if they are cease traded, a cease trade order database. Both of these databases are available on the BCSC's website.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. If you have questions, contact Ken Gracey, media relations, 604-899-6577.

Learn how to protect yourself and become a more informed investor at www.investright.org


SOURCE British Columbia Securities Commission

For further information:

Ken Gracey
604-899-6577 or
(Canada) 1-800-373-6393


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