Hearings

Hearings usually take place at the British Columbia Securities Commission, 12th Floor, 701 West Georgia Street, Vancouver, BC. Hearings usually start at 10 am each hearing day. Hearing dates and times are subject to change and are updated on the hearing schedule.


Hearing Schedule

Search Hearing Files

Search for hearings that were in progress or began after August 1, 2005

Upcoming Hearings

Hearing Dates Hearing Information
2016-09-29 - 2016-09-30; 2016-10-11 - 2016-10-14; Lynne Rae Nickford (aka Lynne Rae Zlotnik dba Lynne Zlotnik Wealth Management); Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Suzanne K Wiltshire - Chair, Judith Downes, Don Rowlatt
Note: On November 2, 2012, the Commission, by consent, issued a temporary order until a hearing is held and a decision rendered. On November 27, 2015, the Panel adjourned the hearing to September 26, 2016. Hearing underway.
2016-09-30; Russell Chang; Mutual Fund Dealers Association of Canada; Executive Director
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Hearing Type: Review
Allegations:
Panel:
Note: Mr. Chang has requested a review of the MFDA misconduct decision dated December 7, 2015 and the MFDA's penalty decision of May 26, 2016. The Commission will hold a hearing management meeting on September 30, 2016, at 9:30am.
2016-10-03; 2016-12-12 - 2016-12-15; Lance Sandford Cook; CBM Canada's Best Mortgage Corp.; Executive Director
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Hearing Type: Enforcement
Allegations: Illegal distribution
Panel: Nigel P Cave - Chair, Judith Downes, Don Rowlatt
Note: The hearing is scheduled to start on December 12, 2016. The Commission will hold a hearing management meeting on October 3, 2016 at 9:00am.
2016-10-17 - 2016-10-21; Stewart Douglas Loughery; Richard Dean Reoji Nawata; Military International Limited; Executive Director
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Hearing Type: Enforcement
Allegations: False or misleading statements to the commission; Contravening a decision
Panel: Nigel P Cave - Chair, Judith Downes, Gordon L. Holloway
Note: The hearing is scheduled to start on October 17, 2016.
2016-10-25; Brendan James Schouw; Hornby Residences Ltd.; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, George C. Glover, Audrey T. Ho
Note: Hearing concluded. The parties' liability submissions are due October 18, 2016. The Panel will hear oral submissions on October 25, 2016.
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Action Pending

Hearing Status Hearing Information
Action pending0902395 B.C. Ltd.; Robert James Maddigan; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; Fraud
Panel: Nigel P Cave - Chair, George C. Glover, Gordon L. Holloway
Note: Hearing concluded. The Panel's findings are due December 6, 2016.
Action pendingAyaz Dhanani (also known as Azim Virani); Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; Fraud
Panel: Nigel P Cave - Chair, Judith Downes, Gordon L. Holloway
Note: Hearing concluded. The Panel issued its Findings on May 30, 2016. The Commission will schedule an oral sanction hearing.
Action pendingChristine Maria Cerisse; Laurence Frederick Austin, also known as Lawrence Frederick Austin; Thomas John Sadler; Executive Director
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Hearing Type: Enforcement
Allegations: False or misleading statements to the commission; Illegal distribution; Manipulation/Misleading trading; Misrepresentation
Panel: Nigel P Cave - Chair, Judith Downes, Don Rowlatt
Note: Hearing concluded. On August 23, 2016, the Panel heard oral submissions on liability of the Executive Director and Cerisse. The Panel directed Mr. Sadler be given an opportunity to provide oral submissions. The Commission is scheduling this hearing.
Action pendingEagleMark Ventures, LLC; Richard Lian (aka Richard Terry Ruuska); Enna M. Keller; Falcon Holdings, LLC; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud; Illegal distribution; Misrepresentation; Trading without registration; Contravening a decision
Panel: George C. Glover - Chair, Gordon L. Holloway, Don Rowlatt
Note: Temporary order issued. On March 12, 2012, the Commission, by consent, extended the temporary order until a hearing is held and a decision is rendered. The hearing has concluded. The Panel's issued its findings on August 22, 2016. The parties' submissions on sanction are due October 11, 2016.
Action pendingForum National Investments Ltd.; Daniel Clozza; Martin Tutschek; Grant Curtis; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest
Panel: Nigel P Cave - Chair, George C. Glover, Suzanne K Wiltshire
Note: Temporary order issued on July 20, 2012. On July 31 and August 1, 2012, the Panel heard the Executive Director's application to extend the temporary order. On August 8, 2012, the Panel dismissed the application and revoked the temporary order. On June 4 and September 10, 2014, Forum and Dan Clozza applied for various orders. The panel heard the applications on September 15 and 16, 2014 and reserved their decision. On January 9, 2015, the Panel adjourned Forum's and Mr. Clozza's constitutional application.
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Matter Concluded

Hearing Status Hearing Information
Matter concludedHong Liang Zhong; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud; Misrepresentation; Trading without registration
Panel: Audrey T. Ho - Chair, George C. Glover, Gordon L. Holloway
Note: On December 8, 2015, the Panel issued it's Decision.
Matter concludedJohn "Johny" Ferdinand Alexander Spangenberg; Odyssey Renewable growth Inc.; geoTreasuries Clean Energy Limited; all also known as 'Clean Carbon Finance USA'; 'One geoFinance'; 'GT2 Climate Risk Bonds Inc.'; 'GT2 Climate Risk Bonds Inc.'; 'GeoStewart Inc.'; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; Fraud; Illegal distribution
Panel: Nigel P Cave - Chair, Audrey T. Ho, Suzanne K Wiltshire
Note: Hearing concluded. The Panel issued its Decision on May 31, 2016.
Matter concludedMohammed Yaasir Hussain; Mutual Fund Dealers Association of Canada; Executive Director
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Hearing Type: Review
Allegations:
Panel:
Note: On June 29, 2016, the Commission dismissed Mr. Hussain's application for a review of an MFDA decision as abandoned.
Matter concludedRui Figueiredo (aka Roy Figueiredo); PARE Realty Ltd.; 0929870 BC Ltd.; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, Gordon L. Holloway, Suzanne K Wiltshire
Note: Hearing concluded. The Panel issued its decision on July 7, 2016.
Matter concludedTeresa Kathleen de La Boursodiere; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; Fraud; Advising without registration
Panel: Nigel P Cave - Chair, Gordon L. Holloway, Suzanne K Wiltshire
Note: On May 19, 2016, Executive Director entered into settlement agreements with Ms. de La Boursodiere and discontinued proceedings against her.
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Under Appeal

Hearing Status Hearing Information
Under appealGordon Brent Pierce; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations:
Panel: Nigel P Cave - Chair, Audrey T. Ho, Gordon L. Holloway
Note: The executive director has applied for orders under sections 161(6) and 161(1) of the Securities Act. The Commission dismissed the respondent's application for stay on February 11, 2016. On March 7, 2016, the respondent filed a notice of application for leave to appeal the Commission's stay decision. On May 5, 2016 the respondent's application for leave to appeal was adjourned generally. On May 25, 2016, the panel heard submissions on a preliminary issue and issued its ruling on June 1. On June 24, 2016, the panel heard submissions from the parties on the executive director's application and on August 5, 2016 issued its ruling. On September 2, 2016, the respondent filed a notice of application for leave to appeal the Commission's August 5, 2016 ruling.
Under appealHRG Healthcare Resource Group Inc.; Alexander Downie; Daniel G. Mohan; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; False or misleading statements to the commission; Illegal distribution
Panel: Nigel P Cave - Chair, Audrey T. Ho, Don Rowlatt
Note: Hearing concluded. The Panel issued its decision on January 8, 2016. On February 9, 2016, Daniel Mohan filed a notice of application for leave to appeal the Commission's Findings and Decision with the British Columbia Court of Appeal.
Under appealMichael Patrick Lathigee; Earle Douglas Pasquill; FIC Real Estate Projects Ltd.; FIC Foreclosure Fund Ltd.; WBIC Canada Ltd.; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Audrey T. Ho - Chair, Judith Downes
Note: Hearing concluded. On March 16, 2015, the Panel's issued its decision. On April 14, 2015, the respondents filed a notice of application for leave to appeal with the British Columbia Court of Appeal. On March 4, 2016 the Court of Appeal granted, in part, the respondents' application for leave to appeal.
Under appealSPYru Inc; Paradox Distributors (1992) Ltd.; Echo Partners Ltd.; U-GO Brands Nutritional Products Inc.; Peter David Harris; Lorne Neil Cire; Christopher Andrew Burke; Millard Michael Kwasnek; Joseph Yvan JeanClaude Thibert a.k.a John Thibert; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; False or misleading statements to the commission; Fraud; Illegal distribution; Misrepresentation; Contravening a decision
Panel: Nigel P Cave - Chair, Judith Downes, Audrey T. Ho
Note: Hearing concluded. On December 14, 2015, the Panel issued its decision. On January 13, 2016, Lorne Neil Cire and Millard Michael Kwasnek filed a notice of application for leave to appeal with the British Columbia Court of Appeal. The Appellants' leave to appeal hearing is adjourned generally.
Under appealSungro Minerals Inc.; Malkeet Singh Bains; Mark Aaron McLeary; Timothy John McLeary; Narvinder Singh Patric Virk; Robert Hainey; Jerry Williams; Erik John Benson; Executive Director
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Hearing Type: Enforcement
Allegations: False or misleading statements to the commission; Manipulation/Misleading trading
Panel: Bradley Doney - Chair, Don Rowlatt, Suzanne K Wiltshire
Note: Hearing concluded. The Panel issued its Decision on July 8, 2015. On August 7, 2015, Mark Aaron McLeary filed a notice of application for leave to appeal with the British Columbia Court of Appeal. On August 15, 2016 the Court of Appeal placed this matter on the inactive appeal list.
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