Hearings

Hearings usually take place at the British Columbia Securities Commission, 12th Floor, 701 West Georgia Street, Vancouver, BC. Hearings usually start at 10 am each hearing day. Hearing dates and times are subject to change and are updated on the hearing schedule.


Hearing Schedule

Search Hearing Files

Search for hearings that were in progress or began after August 1, 2005

Upcoming Hearings

Hearing Dates Hearing Information
2018-05-29 - 2018-05-30; 2018-06-04 - 2018-06-07; Titan-West Explorations Inc.; Darren Scott Davidson; Paul Webster; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud; Contravening a decision
Panel: Nigel P Cave - Chair, George C. Glover, Suzanne K Wiltshire
Note: On January 5, 2018 the respondents applied to adjourn the hearing scheduled to start on January 15, 2018. On January 9, 2018 the panel granted the application and adjourned the hearing. The hearing is scheduled to start on May 29, 2018.
2018-06-06; Thalbinder Singh Poonian; Shailu Sharon Poonian; Robert Joseph Leyk; Manjit Singh Sihota; Perminder Sihota; Executive Director
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Hearing Type: Enforcement
Allegations: Manipulation/Misleading trading
Panel: Suzanne K Wiltshire - Chair, George C. Glover, Audrey T. Ho
Note: On March 28, 2017, Mr. Leyk filed an application to have the orders against him permanently removed. On November 20, 2017, the Panel adjourned generally Mr. Leyk’s application and set June 6, 2018 at 9:00am for a hearing management meeting. On May 31, 2017, the Court of Appeal set aside the Panel's disgorgement orders as against the Poonians and Sihotas and remitted the matter back to the Commission to follow the Court's directions in considering whether to issue s.161(1)(g) orders against each of the respondents. The Panel heard that application on February 14, 2018. On May 16, 2018, the Panel issued its decision.
2018-06-11 - 2018-06-12; 2018-06-14; Chien-Hua Liu, also known as William Liu; NuWealth Financial Group Inc.; CPFS Professional Financial Services Inc.; Executive Director
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Hearing Type: Enforcement
Allegations: Trading without registration
Panel: Nigel P Cave - Chair, Don Rowlatt, Suzanne K Wiltshire
Note: The hearing is scheduled to start on June 11, 2018.
2018-06-19; Mountainstar Gold Inc.; Brent Hugo Johnson; Executive Director
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Hearing Type: Enforcement
Allegations: False or misleading statements to the commission
Panel: Judith Downes - Chair, Audrey T. Ho, Don Rowlatt
Note: The parties' liability submissions are due June 4, 2018. On June 19, 2018, the Panel will hear the parties' submissions on liability.
2018-06-26; ecoTECH Energy Group Inc., currently known as Dong Fang Hui Le Inc.; Colin V. Hall; Rolf Eugster; Anne Sanders; Executive Director
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Hearing Type: Enforcement
Allegations: Misrepresentation; Contravening a decision
Panel: Nigel P Cave - Chair
Note: The Commission will set a date for the hearing on June 26, 2018 at 9:00am.
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Action Pending

Hearing Status Hearing Information
Action pendingFlexfi Inc. (formerly known as CC Cornerstone Credit Ltd.); Afshin Ardalan; Executive Director
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Hearing Type: Enforcement
Allegations: Illegal distribution
Panel: Nigel P Cave - Chair, Audrey T. Ho, Gordon L. Holloway
Note: On May 24, 2018, the panel issued its findings and decision.
Action pendingForum National Investments Ltd.; Daniel Clozza; Martin Tutschek; Grant Curtis; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest
Panel: Nigel P Cave - Chair, George C. Glover, Suzanne K Wiltshire
Note: Temporary order issued on July 20, 2012. On July 31 and August 1, 2012, the Panel heard the Executive Director's application to extend the temporary order. On August 8, 2012, the Panel dismissed the application and revoked the temporary order. On June 4 and September 10, 2014, Forum and Dan Clozza applied for various orders. The Panel heard the applications on September 15 and 16, 2014 and reserved their decision. On January 9, 2015, the Panel adjourned Forum's and Mr. Clozza's constitutional application.
Action pendingInvestment Industry Regulatory Organization of Canada; Alberto Tassone; Executive Director
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Hearing Type: Review
Allegations:
Panel: Nigel P Cave - Chair, George C. Glover, Suzanne K Wiltshire
Note: IIROC has requested a review of an IIROC hearing panel's liability and sanction decisions dated February 23, 2017 and December 26, 2017 respectively. On May 17, 2018, the Panel heard the parties' submissions. The Panel's decision is due July 3, 2018.
Action pendingLarry Keith Davis; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Suzanne K Wiltshire - Chair, George C. Glover, Don Rowlatt
Note: On March 22, 2017, the Court of Appeal granted leave to appeal the Commission's sanctions and liability decisions and a stay pending the hearing of the appeal. On April 20, 2018, the Court of Appeal allowed Mr. Davis' appeal from the Commission's sanction decision and remitted the matter back to the Commission. The parties' further written submissions on sanctions are due June 29, 2018.
Action pendingMarcel Anil Rada; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations:
Panel: Nigel P Cave - Chair, Don Rowlatt
Note: On October 5, 2017, the Panel issued its decision. On December 29, 2017, Mr. Rada filed a notice of application for leave to appeal with the British Columbia Court of Appeal. On January 8, 2018, Mr. Rada applied to the Commission for orders under sections 171 and 173 of the Securities Act. On April 24, 2018, the application was adjourned generally.
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Matter Concluded

Hearing Status Hearing Information
Matter concludedEagleMark Ventures, LLC; Richard Lian (aka Richard Terry Ruuska); Enna M. Keller; Falcon Holdings, LLC; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud; Illegal distribution; Misrepresentation; Trading without registration; Contravening a decision
Panel: George C. Glover - Chair, Gordon L. Holloway, Don Rowlatt
Note: Temporary order issued. On March 12, 2012, the Commission, by consent, extended the temporary order until a hearing is held and a decision is rendered. The hearing has concluded. The Panel issued its findings on August 22, 2016. On February 14, 2017, the Panel issued its decision. On January 15, 2018, the panel issued a variation order in this matter. On February 13, 2018, the Commission received a Variation Application. On May 22, 2018, the Panel issued its Ruling.
Matter concludedRoy Ping Bai (also known as Ping Bai); RBP Consulting; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, George C. Glover, Gordon L. Holloway
Note: On May 11, 2018, the Panel issued its findings.

Under Appeal

Hearing Status Hearing Information
Under appealBrendan James Schouw; Hornby Residences Ltd.; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, George C. Glover, Audrey T. Ho
Note: Hearing concluded. The Panel issued its decision on May 17, 2017. On June 16, 2017, Brendan Schouw filed a notice of application for leave to appeal with the British Columbia Court of Appeal. The Appellant has not filed his application.
Under appealGaro Aram Deyrmenjian; Raffi Khorchidian; Antoine Ratsaphong; EuroHelvetia TrustCo. S.A. now known as EHT Corporate Services S.A.; David Craven; Executive Director
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Hearing Type: Enforcement
Allegations: Manipulation/Misleading trading
Panel: Judith Downes - Chair, Gordon L. Holloway, Suzanne K Wiltshire
Note: On March 8, 2017, the Executive Director discontinued proceedings against Antoine Ratsaphong. The Panel issued its findings on April 25, 2018. The parties' written submissions on sanctions are due June 8, 2018. On May 18, 2018, Raffi Khorchidian filed a notice of application for leave to appeal with the British Columbia Court of Appeal.
Under appealSiu Mui 'Debbie' Wong; Siu Kon 'Bonnie' Soo; Wheatland Industrial Park Inc.; 1300302 Alberta Inc.; D & E Arctic Investments Inc.; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud; Illegal distribution
Panel: Audrey T. Ho - Chair, Judith Downes
Note: The panel issued its findings on June 16, 2016 and its decision on February 20, 2017. The appellants Siu Mui Wong and Siu Kon Soo have filed notices of application for leave to appeal with the British Columbia Court of Appeal. On April 19, 2018, the Court of Appeal dismissed the application for leave to appeal.
Under appealThomas Arthur Williams; Global Wealth Creation Opportunities Inc.; Global Wealth Creation Opportunities Inc. (Belize); Global Wealth Financial Inc.; Global Wealth Creation Strategies Inc.; CDN Global Wealth Creation Club RW-TW; 2002 Concepts Inc.; Susan Grace Nemeth; Renee Michelle Penko; Paul Finney; Irene G. Beilstein ; Christina Kiemel; Helena Yvonne Becker; Dennis Carl Weigel; Daniel Quoming Sam; Eric Clark; Sharon Downing; Robert Laudy Williams; Executive Director
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Hearing Type: Enforcement
Allegations: Acting contrary to public interest; Fraud; Illegal distribution; Trading without registration
Panel: Nigel P Cave - Chair, George C. Glover, Don Rowlatt
Note: On March 8, 2017, the Court of Appeal granted leave to appeal the Commission's liability and sanctions decisions. On September 18, 2017 the Court of Appeal placed this matter on the inactive appeal list.
Under appealTin Chao Alan Lau; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Judith Downes - Chair, Gordon L. Holloway, Don Rowlatt
Note: On September 19, 2016, the Panel issued its Decision. On October 7, 2016, the respondent filed a notice of application for leave to appeal with the British Columbia Court of Appeal. On October 16, 2017, the Court of Appeal placed this matter on the inactive appeal list.