Investment dealer and registrant fined for contravening BCSC orders
Vancouver – In a settlement agreement with the British Columbia Securities Commission, First Canada Capital Partners Inc. and Douglas Francis Corrigan paid $19,200 for trading in securities that were subject to cease trade and temporary orders.
In the settlement agreement, First Canada Capital Partners admitted to contravening three cease trade orders and one temporary order. Corrigan admitted to contravening one cease trade order and one temporary order.
During the relevant period, the BCSC had various orders in place against three companies, including Sun Cal Energy Inc., Tornado Gold International Corp., and Sungro Minerals Inc. There was also an order in place against a former director of Inspiration Mining Corporation.
First Canada Capital Partners is no longer registered to deal with the public in B.C. or elsewhere. The firm paid $18,000 for its misconduct. In addition to a $1,200 fine, Corrigan agreed to receive a reprimand for his misconduct.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the settlement agreement on our website www.bcsc.bc.ca by typing in the search box , First Canada Capital Partners Inc. or Douglas Francis Corrigan, or 2011 BCSECCOM 133. If you have questions, contact Richard Gilhooley, media relations, 604-899-6713.
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