2014 BCSECCOM 325
   
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Hearing

Panel Suzanne K. Wiltshire Panel Chair
George C. Glover, Jr. Commissioner
Kenneth G. Hanna Commissioner

Dates of hearing March 21, 22, 25-28, April 2, 3 and 5, 8-12, 15, 17 and 18, 2013

Submissions completed April 17 and 18, 2013

Date of Findings August 8, 2014

Appearing
C. Paige Leggat For the Executive Director
Neil Cave

John Shewfelt For the Respondents
Victor Ing

I. INTRODUCTION

1 This is the liability portion of a hearing under sections 161(1) and 162 of the Securities Act RSBC 1996, c.418.

2 On April 30, 2012 the acting executive director issued a notice of hearing and temporary order against Yan Zhu (also known as Rachel Zhu), Guan Qiang Zhang (also known as Victor Zhang) and Bossteam E-Commerce Inc.

3 On November 22, 2012 the executive director amended the notice of hearing. In the amended notice of hearing, the executive director alleges that the respondents contravened the following sections of the Act:

• section 61, by offering to sell and selling securities of Bossteam to the public beginning in November 2011, without first having filed a prospectus;
• section 25, by carrying on business as an exchange in British Columbia without being recognized by the commission;
• section 57(b), by engaging in misconduct that perpetrated a fraud on investors who purchased Bossteam securities;
• section 168.1(1)(a), by submitting or giving information to persons appointed under the Act that was false or misleading in a material respect; and
• section 57.5, by concealing or refusing to provide information concerning the sale of Bossteam securities that was reasonably required for an investigation under the Act.

4 The hearing was held between March 21 and April 18, 2013.