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BCSC panel issues reciprocal orders against 18 individuals

January 30, 2014

Vancouver – A British Columbia Securities Commission panel has reciprocated enforcement orders against 18 individuals sanctioned by the Alberta Securities Commission, the New Brunswick Securities Commission, the Nova Scotia Securities Commission, the Ontario Securities Commission, and the Saskatchewan Financial Services Commission. They are:

John Alexander Allen


Francois Michaud

Tracey Banumas


Alex Pidgeon

Michael Ciavarella


Patrick J. Rooney

Myron Benedict Derow


Pranab Shah

David Edward Harris


Sam Sulja

Trudi Hendry


Steven Sulja

Rafique Jiwani (a.k.a Ralph Jay)


Basil Marcellinius Toussaint (a.k.a Peter Beckford)

Richard Bruce Kowalchuk


Petar Vucicevich

Terence Lushington

Paul Charles Whitelaw

For more information on the orders, search for the person’s name at

The Canadian Securities Administrators (CSA) maintains national databases for disciplined persons and cease trade orders. These databases include all persons in Canada disciplined for securities trading offences.

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:

  • A securities market that is fair and warrants public confidence
  • A dynamic and competitive securities industry that provides investment opportunities and access to capital

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Media Contact:
Richard Gilhooley, Media Relations

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)

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