B.C. Man Settles With BCSC for Illegally Trading in Securities
(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 05/11/15 -- In a settlement agreement with the British Columbia Securities Commission (BCSC), Robert Laudy Williams has admitted that he engaged in an illegal distribution of securities.
The agreement states that Laudy Williams, a B.C. resident, introduced three individuals to Thomas Arthur Williams who became investors in one or more of the following companies (collectively, the Global Group of Companies):
Between February 2007 and April 2010, Thomas Arthur Williams and the Global Group of Companies raised approximately $11.7 million from approximately 123 investors. Laudy Williams introduced three investors to the Global Group of Companies between May 2007 and June 2009. These investors, for whom no prospectus exemptions applied, collectively invested $110,000. Laudy Williams, who has never been registered in any capacity in B.C., received $8,775 in commissions.
Laudy Williams acknowledged that by introducing investors to the Global Group of Companies, he breached securities laws related to registration and prospectus requirements.
Laudy Williams has agreed to pay to the BCSC $8,775 in respect of settlement of this matter. He is also prohibited from trading in securities (with limited exceptions), and from becoming or acting as a director, officer, promoter, or registrant for a period of two years. Laudy Williams is also banned, for the same period, from acting in a management or consultative capacity in connection with the securities market, and from engaging in investor relations activities.
You may view the settlement agreement on our website by typing Robert Laudy Williams or 2015 BCSECCOM 171 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
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Datum: 11.05.2015 - 15:00 Uhr
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