News Release
Commission overturns refusal to renew registration of investment adviser
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Date:
2003-12-19 -
Number:
2003/83
Vancouver – The B.C. Securities Commission reversed the Executive Director’s decision refusing to renew a Vancouver-based investment adviser’s registration to trade securities.
On August 1, 2002, Brian Stanley Bocking, 58, an investment adviser with Golden Capital Securities Ltd and 36-year-veteran of the securities industry, failed to disclose in a registration application and to Commission staff that he had five drinking and driving-related criminal convictions between 1978 and 1999.
In making its decision, the commission panel noted, “While we find that Bocking’s dishonesty undermines public confidence in the regulatory system and is conduct that is prejudicial to the public interest, we also find that refusing to renew Bocking’s registration is not the appropriate regulatory response to his misconduct.”
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities and exchange contracts within the province. Copies of the decision can be viewed in the documents database of the commission’s website www.bcsc.bc.ca or by contacting Andrew Poon, Media Relations, 604-899-6880.