Decisions
James Marc Gravelle (also known as Marc Joseph James Gravelle and Marc James Gravelle) and WY ATAP Investments Inc. [Findings]
BCSECCOM #:
2019 BCSECCOM 63
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Document Type:
Findings
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Published Date:
2019-02-15
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Effective Date:
2019-02-15
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Details:
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2019 BCSECCOM 63
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Citation: Re Gravelle, 2019 BCSECCOM 63 Date: 20190215
James Marc Gravelle (also known as Marc Joseph James Gravelle and
Marc James Gravelle) and WY ATAP Investments Inc.
Panel | Nigel P. Cave | Vice Chair | |
| Judith Downes | Commissioner | |
| George C. Glover, Jr. | Commissioner | |
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Hearing Dates | October 15 and 16, 2018 | ||
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Submissions Completed | December 18, 2018 |
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Date of Findings | February 15, 2019 |
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Appearing |
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Mila Pivnenko | For the Executive Director |
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James Marc Gravelle (aka Marc Joseph James Gravelle and Marc James Gravelle) | For himself and WY ATAP Investments Inc. |
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Findings
I. Introduction
- This is the liability portion of a hearing under sections 161(1) and162 of the Securities Act, RSBC 1996, c. 418.
- In a notice of hearing issued January 4, 2018 (2018 BCSECCOM 1), the executive director alleged that:
a) James Marc Gravelle (also known as Marc Joseph James Gravelle and Marc James Gravelle) (Gravelle) and WY ATAP Investments Inc. (WY) issued eight promissory notes totaling $740,000 without being registered to trade in securities, contrary to section 34(a) of the Act; and
b) Gravelle and WY guaranteed repayment of the eight promissory notes, contrary to section 50(1)(a)(ii) of the Act. - During the hearing, the executive director called two witnesses (a Commission investigator and one investor), tendered documentary evidence and provided written and oral submissions. Gravelle testified, tendered documentary evidence and provided written and oral submissions on behalf of himself and WY.
- These are our findings with respect to the liability of the respondents relating to the allegations in the notice of hearing.