News Release
B.C. resident who made false promotional statements settles with BCSC
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Date:
2025-01-08 -
Number:
2025/002
Vancouver – A B.C. resident who made false statements to investors as part of promotional activities has paid $55,000 to the BC Securities Commission (BCSC).
Jeremy Alexei Benne raised approximately $255,000 from 23 investors between 2020 and 2023 through agreements to trade derivatives and securities on their behalf. He told the investors he could provide a 100 per cent return on their investments in one to three years using a trading strategy that he learned from third party platforms.
Instead, Benne used approximately $75,000 of the investors’ funds for personal purposes and lost most of the rest, though he did return some money to the investors.
By doing so, Benne violated the provision in B.C.’s Securities Act against making false statements to investors through promotional activities that a reasonable investor would consider important in determining whether to purchase securities.
The $55,000 that Benne has paid the BCSC, which represents the funds obtained from his misconduct, can be distributed to his victims.
In addition to the financial payment, Benne is permanently banned from participating in B.C.’s investment market, including prohibited from being a director or officer of any issuer or registrant and from becoming a registrant. He may continue to trade through his own accounts via a registered dealer or registrant.
Benne was given credit for fully cooperating with the investigation, including providing information to investigators and admitting to the wrongdoing.
About the BC Securities Commission (bcsc.bc.ca)
The BC 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