BCSC Panel Sanctions Former Broker for Lying to Regulators and Acting Contrary to the Public Interest
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/08/15 -- A British Columbia Securities Commission (BCSC) panel has sanctioned Douglas William Falconer Wood for lying to regulators and acting contrary to the public interest.
In January 2015, the panel found that Wood, a B.C. resident and a registered broker during the relevant period, repeatedly traded in securities that were on his employer''s restricted list, set up an offshore trading structure to conceal his trading activity (and then intentionally withheld this information from his employer), and lied to staff from the BCSC and the Investment Industry Regulatory Organization of Canada (IIROC).
In its sanctions decision, the panel wrote that, "the nature of Wood''s misconduct does raise concerns about his fitness to be a registrant and whether he represents a risk to the capital markets."
For his misconduct, the panel ordered Wood to pay an administrative penalty of $30,000. He is prohibited, for a period of one year, from becoming or acting as a registrant, and from acting in a management or consultative capacity in connection with the securities market.
You may view the findings decision on our website by typing Douglas William Falconer Wood or 2015 BCSECCOM 169 in the search box. Information regarding disciplinary proceedings can be found in the of the BCSC website.
Please visit the Canadian Securities Administrators'' for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).
About the British Columbia Securities Commission ()
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:
Learn how to protect yourself and become a more informed investor at .
Contacts:
Media Contact:
Richard Gilhooley, Media Relations
604-899-6713
Public Inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
Themen in dieser Pressemitteilung:
Unternehmensinformation / Kurzprofil:
Datum: 08.05.2015 - 12:00 Uhr
Sprache: Deutsch
News-ID 1357548
Anzahl Zeichen: 0
contact information:
Contact person:
Town:
VANCOUVER, BRITISH COLUMBIA
Phone:
Kategorie:
Associations
Anmerkungen:
Diese Pressemitteilung wurde bisher 250 mal aufgerufen.
Die Pressemitteilung mit dem Titel:
"BCSC Panel Sanctions Former Broker for Lying to Regulators and Acting Contrary to the Public Interest
"
steht unter der journalistisch-redaktionellen Verantwortung von
British Columbia Securities Commission (Nachricht senden)
Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).
