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News Release

Richmond resident charged with violating Securities Act

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Vancouver – A Richmond man has been charged with two offences under B.C.’s Securities Act after an investigation by the Criminal Investigations Branch of the B.C. Securities Commission (BCSC).

Richard Yung Shyang Chen made his first appearance March 18 in Vancouver Provincial Court on charges of trading in securities without being registered in the prescribed category and distributing securities without filing a prospectus, in connection to misconduct that allegedly took place in Burnaby in 2017 and 2018.

Chen is accused of violating “quasi-criminal” provisions of the Securities Act, which can carry the possibility of imprisonment, probation or restitution orders.

The charges have not been proven.

About the B.C. Securities Commission (

The B.C. 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.

Media Contact:
Elise Palmer

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)

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