B.C. man settles misrepresentation case with BCSC for $500,000 and 10-year prohibitions

VANCOUVER,  BC, Feb. 13, 2026 /CNW/ - A B.C. resident agreed to pay $500,000 to the BC Securities Commission (BCSC) and is prohibited from certain investment market activity for ten years for breaching the section of the Securities Act that prohibited misrepresentations.

Varandeep Singh Grewal was a shareholder of a company that represented itself as a mineral exploration start-up, focused on developing a property.

Over two months in 2018, Grewal contributed to investor relations activities on behalf of the company. In particular, he assisted it in arranging investor relations activities from a third-party investor relations provider which publicized the company through advertorials on various websites and in email distributions.

The investor relations activities contained misleading claims about the company, specifically that it was rapidly assembling operations, was mining and producing a mineral, and had state-of-the-art, environmentally-friendly mining technology.

These statements were misleading, as the company was still in the exploration phase, did not have the operations or technology it claimed, was not producing the mineral, and did not own the pre-existing infrastructure on the property.

By arranging and introducing the investor relations provider responsible for disseminating the misleading statements, Grewal breached the section of the Act that prohibited misrepresentations.

Grewal has no history of securities regulatory misconduct in B.C. and the misconduct involved a narrow time period involving a single issuer.

In addition to the financial payment, Grewal agreed to various 10-year prohibitions that restrict his participation in B.C.'s investment market. For example, he cannot act as a registrant or promoter, or in a management or consultative capacity in connection with activities in the securities or derivatives markets.

About the BC Securities Commission (bcsc.bc.ca) 

The BC Securities Commission, an independent provincial government agency, strives to make the investment market benefit the public. We set rules, monitor compliance by industry, take action against misconduct, and provide guidance to investors and industry. As guardians of B.C.'s investment market, we're committed to maintaining a market that is honest, fair, competitive and dynamic, enabling British Columbians to thrive.  

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SOURCE British Columbia Securities Commission

Media Contact: Brian Kladko, 604-899-6713