News Release
Director of company registered in BC restricted from the market
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Date:
2004-07-30 -
Number:
2004/32
Vancouver – The British Columbia Securities Commission has ordered Alberta resident Glen Harvey Harper, founder of Golden Rule Resources Inc., to restrict his market activities in BC because of illegal insider trading.
In March 1999, Harper was charged under the Ontario Securities Act with illegal insider trading. In July 2000, following a trial, he was found guilty. Harper served six months in prison and paid a $2 million fine.
In April of this year, the Ontario Securities Commission prohibited Harper for the next 15 years from buying and selling securities (with limited exceptions) and from acting as a director or officer of any public company. In June, the Alberta Securities Commission made substantially the same orders.
As a result of settling with the BCSC, Harper is subject to the same market restrictions in BC as he is in Ontario and Alberta.
The BCSC is an independent provincial government agency responsible for regulating trading in securities within the province. You can see the settlement on the BCSC website www.bcsc.bc.ca or by contacting Michael Bernard, Media Relations, 604-899-6506.