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Enforcement

Disciplined List

Vaughan, David John

  • Date of Order or Settlement:

    2009-10-22

Sanction:

  • Permanent trading ban (2009)
  • Permanent director/officer ban (2009)
  • Permanent ban from becoming or acting as a registrant, investment fund manager or promoter (2009)
  • Permanent ban from acting in a management or consultative capacity in connection with activities in the securities market (2009)
  • Permanent investor relations ban (2009)
  • 1-year trading ban with conditions (1999)
  • An undertaking to comply with the Securities Act, Securities Rules and all applicable regulations, policies and guidelines (1999)

Supporting Documents:

Violation:

  • Fraud (2009)
  • Illegal distribution (2009)
  • Misrepresentation (2009)
  • Unregistered trading (2009, 1999)
  • Unregistered distribution (1999)

Ruling Body:

BCSC

Payment Agreed/Ordered:

$16 million in disgorgement (Varied (Stayed) – January 15, 2018) and a $6 million administrative penalty (2009)

$3,000 plus $2,000 in costs (1999)