Disciplined List
Michaels, David Michael
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Date of Order or Settlement:
2014-10-31
Sanction:
- Permanent trading ban (with conditions)
- Permanent ban from relying on any exemptions set out in the Securities Act (with conditions)
- Permanent director/officer ban
- Permanent ban from becoming or acting as a registrant or promoter
- Permanent ban from acting in a management or consultative capacity in connection with activities in the securities market
- Permanent investor relations ban
Supporting Documents:
Violation:
- Fraud
- Misrepresentations
- Unregistered advising
Ruling Body:
BCSCPayment Agreed/Ordered:
$5.8 million in disgorgement and a
$17.5 million administrative penalty