News Release

Vancouver – A Vancouver resident has been charged with one count of violating B.C.’s Securities Act by allegedly withdrawing funds from a frozen bank account, following an investigation by the Criminal Investigations Branch of the B.C. Securities Commission (BCSC).

Scott Thomas Low, 74, is scheduled to make his first appearance May 23 in Vancouver Provincial Court on a charge of failing to comply with a decision made under the Act. It is alleged that in 2018 Low withdrew funds from bank accounts that were subject to a BCSC freeze order. Freeze orders, now called preservation orders, prevent a person from transferring property – which could include money, physical property and investments –  in order to make it available to pay any financial sanctions imposed by a BCSC panel.

The charge, which has not been proven, is an offence under the Act and carries the possibility of fines, imprisonment, probation and/or restitution orders.

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