News Release

Vancouver – A B.C. resident has been charged with two counts of breaching an order of the BC Securities Commission (BCSC).

Marcel Anil Rada, 59, is scheduled to make his first appearance July 16 in North Vancouver Provincial Court on charges of failing to comply with a decision made under B.C.’s Securities Act.

It is alleged that between 2017 and 2025, Rada acted as a director or officer of an issuer despite being permanently banned by the BCSC from doing so. In 2017, a BCSC panel permanently prohibited Rada becoming or acting as a director or officer of any issuer based on a 2011 decision by the Investment Industry Regulatory Organization of Canada.

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

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