BCSC reaches settlement for unregistered trading
Vancouver - In a settlement agreement with the British Columbia Securities Commission (BCSC), Thomas Geoffrey Bertram has admitted to unregistered trading.
Bertram was registered under the Securities Act as an investment dealer for approximately 40 years. He ceased to be registered on January 31, 2017.
In the settlement agreement, Bertram admits that between March 24, 2017 and May 31, 2017, when he was no longer registered, Bertram assisted three issuers with raising approximately $3.1 million from six investors and received a total of $126,970.93 in finder's fees from the issuers in relation to this activity. As a result, Bertram breached the Act by trading in securities without being registered and without an available exemption from the registration requirement.
Bertram undertakes to pay $176,970.93 to the BCSC, as part of the settlement, which represents the total finder's fees he received and an appropriate penalty in relation to his misconduct.
You may view the settlement agreement on our website, www.bcsc.bc.ca, by typing Thomas Geoffrey Bertram or 2018 BCSECCOM 214 in the search box. Information about disciplinary proceedings can be found in the Enforcement section of the BCSC website.
Please visit the Canadian Securities Administrators' (CSA) Disciplined List for information relating to persons and companies disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA).
About the British Columbia Securities Commission (www.bcsc.bc.ca)
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and promote the public interest by fostering:
- A securities market that is fair and warrants public confidence
- A dynamic and competitive securities industry that provides investment opportunities and access to capital
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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