Decisions
Yan Zhu (also known as Rachel Zhu), Guan Qiang Zhang and Bossteam E-Commerce Inc. [Variation Order]
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BCSECCOM #:
2012 BCSECCOM 297
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Document Type:
Variation Order
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Published Date:
2012-07-23
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Effective Date:
2012-07-18
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Details:
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2012 BCSECCOM 297
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2012 BCSECCOM 297
Variation Order
Yan Zhu (also known as Rachel Zhu), Guan Qiang Zhang
and Bossteam E-Commerce Inc.
(collectively, the Respondents)
Sections 161 and 171 of the Securities Act, RSBC 1996, c. 418
Yan Zhu (also known as Rachel Zhu), Guan Qiang Zhang
and Bossteam E-Commerce Inc.
(collectively, the Respondents)
Sections 161 and 171 of the Securities Act, RSBC 1996, c. 418
Background
¶ 1 On April 30, 2012, the Acting Executive Director issued a Notice of Hearing and Temporary Order against the Respondents. On May 15, 2012, the Commission extended the Temporary Order until a hearing is held and a decision rendered.
¶ 2 On July 18, 2012, the Commission heard the Respondents’ applications to revoke the Temporary Order and freeze orders. The Commission also heard the Executive Director’s application to expand the Temporary Order.
¶ 3 The Commission reserved its decision on the applications.
Order
¶ 4 Considering that is not prejudicial to the public interest to do so, the Commission varies paragraph 3 of the Temporary Order so that it reads as follows:
(a) under section 161(1)(a) of the Act, the Respondents comply with or cease contravening the Act;
(b) under section 161(1)(b) of the Act, all persons cease trading in the Bossteam Investments; and
(c) under section 161(1)(d)(iii) of the Act, all persons cease all investor relations activities on behalf of Bossteam.
¶ 5 July 18, 2012
Brent W. Aitken
Vice Chair
Kenneth G. Hanna
Commissioner
Suzanne K. Wiltshire
Commissioner