B.C. stockbroker regulatory regime 'baffles' industry observer

A case before Canada’s regulator of stockbrokers in B.C. has a prominent stock market observer “baffled.”

“Form 9s and form 20s were always the starting point for any serious investigation. That’s why I complained so bitterly when both the BCSC and the CSE decided to withhold this information from public view," Baines told Glacier Media in an interview. The scheme, as alleged by the commission, saw consultants buy shares via private placements while the companies simultaneously handed back much of the money via consulting contracts. The issued shares were then sold to retail investors for a fraction of the private placement cost while the consultants did little or no actual work.

The hearing panel decided otherwise, last June, largely on the testimony of Richard Thomas, PI's chief compliance officer.

Argentina Últimas Noticias, Argentina Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

South32 makes investment in Canadian copper explorerDiversified mining and metals company South32 on Monday announced an agreement to invest in Canadian copper explorer American Eagle Gold (AEG), which holds an option over the Nakinilerak (NAK) project in British Columbia. South32 will acquire a 19.
Fuente: MiningWeeklyCA - 🏆 48. / 63 Leer más »