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.
مصر أحدث الأخبار, مصر عناوين
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