News Release

Vancouver – A BC Securities Commission panel has fined and ordered a five-year market ban against a man who illegally distributed securities and personally benefited from his illegal activity by receiving over $14,000 from investors’ funds.

Robert Douglas Collins and his company, Blue Lighthouse Ltd, raised $317,636 by distributing securities to 22 investors without being registered and without filing a prospectus. The majority of the investors were residents of British Columbia.

The panel also found that Collins used Blue Lighthouse as a vehicle to illegally raise funds from investors, and that Collins benefited from his illegal activity by personally receiving $14,607 from investors’ funds.

For his misconduct, the panel banned Collins from trading in securities, purchasing securities or exchange contracts, and from becoming or acting as a director or officer of any issuer, registrant, or investment fund manager for five years. He is also prohibited, for the same period, from becoming or acting as a registrant, investment fund manager or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market.

The panel also ordered Collins to pay to the commission the $14,607 he obtained as a result of his illegal activity, as well as an administrative penalty of $20,000. In addition to the orders against Collins, Blue Lighthouse was permanently cease-traded by the panel.

The decision is related to an April 29, 2011 panel decision concerning John Arthur Roche McLoughlin and MCL Ventures Inc, in which the panel banned McLoughlin from the securities market for 15 years and ordered him to pay an administrative penalty of $50,000 (see 2011 BCSECCOM 202). The panel permanently cease-traded MCL.

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 Robert Douglas Collins or 2011 BCSECCOM 299 in the search box.  Information regarding disciplinary proceedings can be found in the Enforcement section of the BCSC website.

Please visit the Canadian Securities Administrators’ Disciplined Persons List for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).

If you have questions, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604 899 6854 or 1 800 373 6393 (toll free).

Learn how to protect yourself and become a more informed investor at www.investright.org