Enforcement Division


Douglas Muir, Director, EnforcementDoug Muir

The Enforcement Division's mandate is to protect the investing public through the investigation of complaints and the enforcement of the Securities Act. 

We achieve our mandate through the following functions:

Case Assessment

  • receives and assesses complaints concerning alleged misconduct or abuse in the capital markets.

Investigation

  • investigates alleged violations of the BC Securities Act and prepares investigation briefs, which are referred to the Executive Director with recommendations for administrative proceedings before Commission panels. Commission panels have broad powers under the BC Securities Act to take action against misconduct, including ordering market bans, administrative penalties, and the disgorgement of ill-gotten gains. BCSC decisions and settlements act as deterrents to those who seek to harm investors and our capital markets.
Criminal Investigation

  • investigates and refers cases to Crown Counsel for possible prosecution in the Provincial Court. The courts can then impose penalties, including jail terms and fines, which can act as deterrents for those for whom administrative penalties are not a deterrent.
Litigation

  • conducts administrative proceedings before Commission panels, providing legal representation to staff in administrative proceedings, representing the Commission before the courts of British Columbia and providing legal advice to staff