VANCOUVER, Feb. 3 /CNW/ - British Columbia Securities Commission panels
have made reciprocal enforcement orders against 10 individuals sanctioned by
securities commissions in Alberta, Ontario and New Brunswick.
They are Jose Castaneda, David Simpson, Jerome Stanislaus Xavier, Lorne
Drever, Harry Niles, Liedong (Leon) Gu, Blair MacDougall, William M.
Mallinson, Paul Norman Oliver, and Robert Waxman.
The BCSC makes reciprocal enforcement orders following a streamlined
process when another commission has imposed sanctions on a person or the
person has agreed with another commission to be sanctioned. BCSC orders can
include one or more of the following sanctions:
- cease trading in and purchasing securities and exchange contracts;
- a prohibition from becoming or acting as a director or officer of any
issuer, registrant or investment fund manager;
- a prohibition from becoming or acting as a registrant, investment
fund manager or promoter;
- a prohibition from acting as a manager or consultant in the
securities market; and
- a prohibition from engaging in investor relations activities
Under BCSC orders:
- Castaneda, Simpson, Drever and Niles are subject to permanent trading
and various market bans in B.C. The BCSC orders are based on
sanctions made by Ontario and New Brunswick securities commissions.
- Gu is subject to trading bans in B.C. until Nov. 4, 2011. MacDougall
is subject to trading bans in B.C. until Dec. 27, 2010. Mallinson is
subject to trading and various market bans in B.C. until Oct. 22,
2016. Oliver is subject to trading bans in B.C. until June 9, 2015
and various market bans in B.C. until June 9, 2009. The BCSC orders
are based on Alberta Securities Commission sanctions.
- Waxman is subject to trading bans in B.C. until Jan. 8, 2018 and
various market bans in B.C. until Jan. 8, 2028. The BCSC orders are
based on Ontario Securities Commission sanctions.
- Xavier is subject to trading and various market bans in B.C. until
May 5, 2013, or until he is registered under the Ontario Securities
Act. The BCSC orders are based on Ontario Securities Commission
For more information on the BCSC orders or sanctions by Alberta, Ontario
or New Brunswick securities commissions, use the name of the individual or
document references to conduct a search at www.bcsc.bc.ca, www.nbsc-cvmnb.ca,
www.albertasecurities.com or www.osc.gov.on.ca.
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 avoid investment fraud at the BCSC's investor education
For further information:
For further information: Ken Gracey, (604) 899-6577, (Canada)