News Release
Commission upholds IDA panel's ruling on exemption request
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Date:
2007-11-13 -
Number:
2007/77
Vancouver - A British Columbia Securities Commission panel upheld a ruling by the Investment Dealers Association of Canada refusing an exemption from proficiency requirements.
Peter Krag-Hansen, a former registrant and officer, requested a review of an IDA panel decision that refused him an exemption from the requirement to complete and pass the Partners, Directors and Officers course and examination.
The commission panel found no reason to interfere with the decision stating, "proficiency matters are squarely within the expertise of the IDA and there is nothing to suggest the panel's decision was contrary to the public interest."
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website www.bcsc.bc.ca by typing in the search box, Peter Krag-Hansen or 2007 BCSECCOM 677 . If you have questions, contact Ken Gracey, Media Relations, 604-899-6577.
Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org.