News Release

Vancouver – A Vancouver resident has been charged with two offences under B.C.’s Securities Act following an investigation by the BC Securities Commission (BCSC).

Yazan Al Homsi, 42, had his first appearance on May 22 in Vancouver Provincial Court.  

It is alleged that in 2019, Al Homsi withdrew funds from one bank account that was 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 – so that it could be used to pay any financial sanctions imposed by a BCSC panel.

Al Homsi is charged with one count of failing to comply with a decision made under the Act and one count of making a false or misleading statement or omitting facts necessary to make the statement or information not false or misleading.

The charges, which have not been proven, are offences under the Act and carry the possibility of fines, imprisonment, probation and/or restitution orders.

The charges resulted from an investigation by the BCSC’s Criminal Investigations Branch.

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