News Release

Vancouver – A B.C. resident and her company have jointly paid $35,000 to the B.C. Securities Commission (BCSC) after admitting to trading in securities without being registered when they referred investors to purchase shares of a listed company.

Wendy Chan, of Vancouver, was the sole director of Moxie Strategy Inc. when it entered into a consulting agreement with a B.C. company listed on the TSX Venture Exchange. As part of this consulting agreement, Moxie identified and introduced investors willing to participate in the company’s private placement financings.

In 2019, Moxie received $21,069 in compensation for referring eight investors who bought a total of $301,000 worth of shares in the listed company.

Moxie admitted that it was required to be registered under B.C.’s Securities Act to perform this activity, however, neither Chan nor Moxie were registered under the Act in any capacity.

Chan admitted that she authorized or permitted Moxie’s misconduct and therefore also violated the Act.

Neither Chan nor Moxie has a history of securities misconduct and the BCSC did not find any evidence that the investors lost money on their investments.

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