Notices of Hearing & Temporary Orders

All Canadian Investment Corporation and Donald Bergman [Notice of Hearing]

BCSECCOM #:
2020 BCSECCOM 22
Document Type:
Notice of Hearing
Published Date:
2020-01-21
Effective Date:
2020-01-20
Details:

2020 BCSECCOM 22

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Notice of Hearing

All Canadian Investment Corporation and Donald Bergman

(collectively, the Respondents)

Section 161 of the Securities Act, RSBC 1996, c. 418

 

  1. The British Columbia Securities Commission (Commission) will hold a hearing (Hearing) at which the Executive Director will tender evidence, make submissions, and subject to such orders as may be issued in proceedings styled In the Matter of All Canadian Investment Corporation, Supreme Court of British Columbia, Vancouver Registry No. S1710393, apply for orders against the Respondents under sections 161, 162 and 174 of the Securities Act, RSBC 1996, c. 418 (the Act), based on the following facts:

    Background
  2. All Canadian Investment Corporation (ACIC) is a non-reporting mortgage investment corporation that was controlled and managed by Donald Bergman (Bergman) during the relevant time.

  3. Bergman is a resident of Salmon Arm, British Columbia.  He incorporated ACIC in British Columbia and was its sole director at the relevant time.

  4. ACIC’s business was to provide loans (Mortgage Loans) to owners and developers of single and multi-family residential, commercial, office, and industrial real estate, which were secured by mortgages on those properties. 

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