News Release
Commission panel sanctions former mutual fund salesperson
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Date:
2007-09-18 -
Number:
2007/66
Vancouver - A British Columbia Securities Commission panel has banned a former mutual fund sales person from selling securities for three years.
Bryan Orr cannot trade securities, except in limited circumstances, for three years after a commission panel approved a settlement agreement between Orr's counsel and commission staff.
Orr admitted that he acted as an unregistered portfolio manager, and made discretionary purchases and sales of mutual funds for clients without obtaining their instructions. He also admitted to recommending unsuitable investments to several of his clients.
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, Bryan Orr or 2007 BCSECCOM 552. 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.