BCSC seeks to return funds lost in Jin case

VANCOUVER, Aug. 6, 2015 /CNW/ - The British Columbia Securities Commission (BCSC) today posted an announcement on its website notifying investors who lost money as a result of Weiqing Jane Jin's illegal insider trading with Hathor Exploration Limited, that they may make an application for compensation. The funds ($4,280) were ordered to be paid to the commission on October 27, 2014.

Under the Securities Act, the commission must make funds it receives under a s.161 (1) (g) order available to investors who lost money as a result of respondent misconduct.

In July 2014, the Commission found that Weiqing Jane Jin engaged in illegal insider trading when she purchased 3,000 shares of Hathor Exploration Limited while in a special relationship with Hathor and with knowledge of an undisclosed material fact about Hathor.

The Commission urges investors who lost money in this case to make a claim to recover their losses. They must use the required form and make their claim as soon as they can and no later than August 6, 2018.

For more information about whether you are eligible to make a claim and how the Commission will process your claim please see:

About the British Columbia Securities Commission (www.bcsc.bc.ca)

The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:

  • A securities market that is fair and warrants public confidence
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital

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

SOURCE British Columbia Securities Commission

For further information: Media Contact: Richard Gilhooley, Media Relations, 604-899-6713; Public inquiries: 604-899-6854 or 1-800-373-6393 (toll free)


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