News Release

Vancouver – The B.C. Securities Commission (BCSC) will return funds to victims who lost money as a result of Shijun “Clark” Zhu’s unregistered trading and advising.

A BCSC panel has ordered the distribution of $38,639.69, the total amount that Zhu earned in commissions from his illegal activity.

In 2021, Zhu admitted in a settlement agreement that his trading caused or contributed to the depletion of the investors’ accounts over which he had discretionary trading authority.

The funds will be divided up among four investors who lost money as a direct result of Zhu’s misconduct and who submitted a claim after the BCSC had published a notice about the availability of funds. Since the funds are insufficient to pay the investors’ claims in full, the panel ordered that the money – together with accrued interest – be divided on a prorated basis.

For his misconduct, Zhu was also ordered to pay an administrative penalty of $40,000 and was prohibited from participating in the public markets, except as an investor, for 10 years.

About the B.C. Securities Commission (bcsc.bc.ca)

The B.C. Securities Commission, an independent provincial government agency, strives to make the investment market benefit the public. We set rules, monitor compliance by industry, take action against misconduct, and provide guidance to investors and industry. As guardians of B.C.’s investment market, we’re committed to maintaining a market that is honest, fair, competitive and dynamic, enabling British Columbians to thrive.  

Media Contact:
Elise Palmer
604-899-6830

Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca

Learn how to protect yourself and become a more informed investor at www.investright.org