B.C. man fined $20,000 for role in failed investment plan that cost him over a million dollars

📆 4/26/2019 4:23 AM
📰 VancouverSun

⏱ Reading Time:
21 sec. here
2 min. at publisher
📊 Quality Score:
News: 12%
Publisher: 61%

United Kingdom News News

United Kingdom United Kingdom Latest News,United Kingdom United Kingdom Headlines

Hogaboam had no history of regulatory misconduct in B.C. and lost over $1 million in the same investment plan that he brought other investors into.

A man who lost over $1 million in an investment plan is now being forced to pay $20,000 to the B.C. Securities Commission for his role in the plan.

According to an agreed upon statement of facts, between July, 2013 and July, 2015, Lyle Charles Hogaboam introduced six investors to the issuer of securities, who then bought $585,000 worth of those securities. Hogaboam was paid $11,700 in finder’s fees. The BCSC subsequently investigated Hogaboam and determined he was not licensed to trade in securities and had therefore traded without a permit.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Write Comment

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Mark Zuckerberg just got $4.5-billion richer thanks to blockbuster Facebook earningsSurging Facebook shares push his fortune higher after he lost $20 billion in 2018 Canadian lawmakers should control this jerk! canpoli
Source: nationalpost - 🏆 10. / 80 Read more »