Latest news with #BCSecuritiesCommission
Associated Press
23-07-2025
- Business
- Associated Press
Canadian securities regulators publish CIRO oversight review report
VANCOUVER, BC, July 23, 2025 /CNW/ - The Canadian Securities Administrators (CSA) today released the Oversight Review Report of the Canadian Investment Regulatory Organization (CIRO). The report evaluates whether CIRO has complied with the terms and conditions of its recognition orders, and whether regulatory processes are effective, efficient, and applied consistently and fairly. CSA staff completed a risk-based oversight review of CIRO that targeted specific processes within the areas of information technology, membership intake, and trading conduct compliance. CSA staff identified three medium priority findings. CIRO has established an action plan to address and remediate each finding. Other than those findings, CSA staff did not identify concerns with CIRO meeting the relevant terms and conditions of regulators' recognition orders in the functional areas reviewed. The CSA, the council of the securities regulators of Canada's provinces and territories, co-ordinates and harmonizes regulation for the Canadian capital markets. For media inquiries, please contact: Ilana Kelemen Canadian Securities Administrators [email protected] Brian Kladko BC Securities Commission [email protected] For investor inquiries, please contact your local securities regulator. SOURCE Canadian Securities Administrators
CTV News
19-06-2025
- Business
- CTV News
‘Investors lost all of their money': B.C. cannabis executive fined $5K, banned from market for 6 years
The B.C. Securities Commission is an independent provincial government agency that regulates capital markets. THE CANADIAN PRESS/AP, Frank Jordans A former cannabis company director has reached a settlement with a B.C. financial regulator over the illegal distribution of securities. Christine Mah was a director of RoccaVerde Wellness Corporation from November 2018 to March 2019, according to the settlement agreement she reached with the B.C. Securities Commission this week. During that period, the company distributed securities to investors 14 times, raising $133,500 in the process. Despite being listed in the company's marketing materials as part of the management team with the title 'controller,' Mah did not take any steps to ensure that RoccaVerde complied with the prospectus requirement in B.C.'s Securities Act. All securities issuers in the province are required to file a prospectus, which the BCSC describes as 'a formal document providing details of an investment,' unless they qualify for an exemption under the act. RoccaVerde did not have an exemption. 'All of the investors lost all of their money,' the settlement agreement reads. In the agreement, Mah admitted to her misconduct and agreed to pay a $5,000 fine. She also agreed to resign any position she held as a director or officer of a securities issuer or registrant, and to be banned for six years from holding or acting in any such role. Mah is also banned for six years from purchasing or trading in any securities or derivatives except in her own account through a registered dealer to whom she has provided a copy of the settlement. In accepting Mah's settlement proposal, the BCSC considered her early admissions, co-operation with investigators and expressions of remorse as mitigating factors in the case. Mah has never been registered under the Securities Act and has no history of securities regulatory misconduct, according to the settlement agreement.
CTV News
18-06-2025
- Business
- CTV News
Man prohibited from financial markets 8 years ago charged with breaching ban, BCSC says
The TSX ticker is shown in Toronto on May 10, 2013. (Frank Gunn / The Canadian Press) B.C.'s financial markets regulator says a man has been charged with failing to comply with an order it made eight years ago banning him from a variety of investment-related activities. Marcel Anil Rada is scheduled to make his first appearance on the charges in North Vancouver provincial court on July 16, the B.C. Securities Commission said in a news release Wednesday. According to the commission, the 59-year-old allegedly acted as a director or officer of an issuer of securities between 2017 and 2015, despite being permanently banned from doing so. Online court records show Rada has been charged with two counts of contravention of B.C.'s Securities Act. The offence dates are listed as Oct. 5, 2017 and May 5, 2021. A BCSC panel permanently banned Rada from becoming or acting as a director or officer of any issuer in 2017. The ban was imposed based on a 2011 decision by the Investment Industry Regulatory Organization of Canada. In that decision, the organization accepted a settlement with Rada in which he admitted to a variety of misconduct. Rada admitted that he had raised $205,000 from people who were looking to invest in two different issuers of securities, without disclosing that the issuers would pay nearly all of this money – some $175,000 – to Rada. He also admitted to 'facilitating participation in off-book transactions without the knowledge and consent of his employer;' issuing a cheque to repay a loan to an issuer from an account that he knew or ought to have known had been closed two months earlier; and failing to co-operate with the IIROC's investigative staff. For this misconduct, he agreed to pay a $75,000 fine and $10,000 in costs, and to be permanently banned from reapproval by the IIROC in any capacity. The BCSC imposed its prohibitions on Rada under a section of the Securities Act that allows it to recognize decisions from other regulatory bodies. The ban was intended to 'protect investors and the capital markets in British Columbia,' according to the BCSC decision. The charges against Rada have not been proven. If convicted, he could face 'fines, imprisonment, probation and/or restitution orders,' according to the BCSC.
Cision Canada
11-06-2025
- Business
- Cision Canada
New research shows most B.C. investors responded to recent market volatility
VANCOUVER, BC, June 11, 2025 /CNW/ - Recent investment market volatility spurred by changes in U.S. trade policy sparked widespread concern among B.C. investors and prompted most to change their behaviour or investment strategy, according to new research from the BC Securities Commission (BCSC). The study found 74 per cent of B.C. investors said they were closely following changes in the investment markets, and 72 per cent reporting concern about the impact on their investments. April's market volatility and the headlines that followed prompted 61 per cent of investors to take action. Among all investors: 39 per cent reported monitoring their investments and the news more closely 32 per cent reported adjusting their strategy, including speaking with their advisor and making changes to their investment strategy or financial plan, and 25 per cent reported buying and/or selling investments that changed in value or that they expected to change in value. Selling was more common among self-directed investors and investors between the ages of 18 to 34 and among those with investable assets less than $100,000. "Anxiety can lead us to make changes and decisions based on short-term factors that can have long-term consequences on our financial futures," said Pamela McDonald, the BCSC's Director, Communications & Education. "Investors, when confronted by economic instability, should focus on good investing habits, and do a 'check-in' on their short- and long-term goals, so they can make sound decisions." Investors can also navigate volatility in the investment markets by understanding their risk profile, talking to a registered investment advisor to create a tailored plan, and considering the source of information and advice they rely on to make investment decisions. Investors should also be familiar with the warning signs of investment fraud because scammers will often use periods of economic uncertainty to rope individuals into investment schemes. British Columbians can find unbiased investment information and educational resources on the BCSC's investor education website, About the research: This omnibus survey, conducted by Innovative Research Group for the BCSC, included questions aimed at understanding attitudes toward recent changes in the investment markets and whether those changes had an impact on investor behaviour. The online survey was conducted among a representative sample of British Columbians from April 28 to May 2, 2025. A total 1,005 individuals age 18 and over completed the survey, which was weighted to 1,000 by age, gender, region, education and investable assets to ensure that the overall sample's composition reflects that of the actual population according to Statistics Canada data. About the B.C. Securities Commission ( 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.
Yahoo
11-06-2025
- Business
- Yahoo
New research shows most B.C. investors responded to recent market volatility
VANCOUVER, BC, June 11, 2025 /CNW/ - Recent investment market volatility spurred by changes in U.S. trade policy sparked widespread concern among B.C. investors and prompted most to change their behaviour or investment strategy, according to new research from the BC Securities Commission (BCSC). The study found 74 per cent of B.C. investors said they were closely following changes in the investment markets, and 72 per cent reporting concern about the impact on their investments. April's market volatility and the headlines that followed prompted 61 per cent of investors to take action. Among all investors: 39 per cent reported monitoring their investments and the news more closely 32 per cent reported adjusting their strategy, including speaking with their advisor and making changes to their investment strategy or financial plan, and 25 per cent reported buying and/or selling investments that changed in value or that they expected to change in value. Selling was more common among self-directed investors and investors between the ages of 18 to 34 and among those with investable assets less than $100,000. "Anxiety can lead us to make changes and decisions based on short-term factors that can have long-term consequences on our financial futures," said Pamela McDonald, the BCSC's Director, Communications & Education. "Investors, when confronted by economic instability, should focus on good investing habits, and do a 'check-in' on their short- and long-term goals, so they can make sound decisions." Investors can also navigate volatility in the investment markets by understanding their risk profile, talking to a registered investment advisor to create a tailored plan, and considering the source of information and advice they rely on to make investment decisions. Investors should also be familiar with the warning signs of investment fraud because scammers will often use periods of economic uncertainty to rope individuals into investment schemes. British Columbians can find unbiased investment information and educational resources on the BCSC's investor education website, About the research: This omnibus survey, conducted by Innovative Research Group for the BCSC, included questions aimed at understanding attitudes toward recent changes in the investment markets and whether those changes had an impact on investor behaviour. The online survey was conducted among a representative sample of British Columbians from April 28 to May 2, 2025. A total 1,005 individuals age 18 and over completed the survey, which was weighted to 1,000 by age, gender, region, education and investable assets to ensure that the overall sample's composition reflects that of the actual population according to Statistics Canada data. About the B.C. Securities Commission ( 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. Learn how to protect yourself and become a more informed investor at SOURCE British Columbia Securities Commission View original content: Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
