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
2018-11-20 - 2018-11-23; 2018-11-26 - 2018-11-30; DominionGrand II Mortgage Investment Corporation; DominionGrand Investment Fund Inc.; Donald Bruce Edward Wilson; David Scott Wright; Patrick K. Prinster; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, Judith Downes, George C. Glover
Note: The hearing is scheduled to start on November 19, 2018.
2018-12-04; Aik Guan "Frankie" Lim; Scott Thomas Low; FS Financial Strategies Inc.; FS Financial Services Inc.; FS Financial Strategies Services Inc.; FS Financial Services (Alberta) Inc.; Darrell Wiebe; Chun Ying "Jim" Pan; Chung-Sheng "Johnson" Kao; CC Cornerstone Credit Ltd. (now known as Flexfi Inc.); Afshin Ardalan; WL Strategic Capital Partners Inc.; George Lay; Hunter Wei-Shun Wang (aka Hunter Wei Shun Wang); FS Stellar Insurance Services Inc.; Nyit Foon "Lydia" Chin; Aike Joo Lim; Verico FS Capital Inc.; Gagan Deep Bachra; FS Financial Systems Inc.; Chi Kay "Dixon" Wong; Meng Cher "Philip" Tsai; 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, Audrey T. Ho, Gordon L. Holloway
Note: Temporary order issued on February 6, 2017. On June 1, 2018, the executive director discontinued the proceedings against the respondents Flexfi and Ardalan. On June 7, 2018, the panel revoked the temporary order as against Flexfi and Ardalan. On October 24, 2018, the executive director issued an Amended notice of hearing. On December 4, 2018, the panel will set a date for the hearing. On November 6, 2018, the Panel extended the temporary order and adjourned the executive director's application to extend the temporary to December 4, 2018 at 9:00am. On November 6, 2018, the executive director discontinued the proceedings against respondents WL Strategic, Wang, FS Stellar, Chin and Aike Lim.
2018-12-05; 2019-05-27 - 2019-05-31; 2019-06-03 - 2019-06-04; 2019-06-06 - 2019-06-07; 2019-06-10 - 2019-06-14; 2019-06-17; Bezzaz Holdings Group Ltd. (dba BGI Canada and BGI Investment); Nexus Global Trading Ltd. (dba Nexus Distribution Group); Todd Norman John Bezzasso; Wei Kai Liao (aka Kevin Liao); Fiorino Corsi; Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, George C. Glover, Audrey T. Ho
Note: The hearing is scheduled to start on May 27, 2019. The Commission will hold a hearing management meeting on December 5, 2018 at 9:00am.
2018-12-10 - 2018-12-12; James Francis Gerard Callaghan; TSX Venture Exchange Inc.; Executive Director
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Hearing Type: Review
Allegations:
Panel: Nigel P Cave - Chair, Audrey T. Ho
Note: On August 31, 2017, Mr. Callaghan applied to the Commission for a review of the TSX Venture Exchange's decision dated August 1, 2017. On January 19, 2018, Mr. Callaghan applied for an order for disclosure of documents by the TSX Venture Exchange. On February 9, 2018, the Panel heard Mr. Callaghan's application. On February 21, 2018 the Panel issued its order. The review hearing is scheduled to start on December 10, 2018.
2018-12-14; Aly Babu Husein Mawji; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations:
Panel: Nigel P Cave - Chair
Note: The executive director has applied for an order under section 161(6) of the Act. The Commission will hold a hearing management meeting on December 4, 2018 at 9:00am.
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Hearings in Writing

Hearing Status Hearing Information
Hearing in writingThalbinder 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. Following the June 6, 2018 hearing management meeting relating to Mr. Leyk's application, the panel proceeded with that matter as a hearing in writing.

Action Pending

Hearing Status Hearing Information
Action pendingAlan Braun; Jerry Braun ; Steve Maxwell (aka Steven Fassman); Braun Developments (B.C.) Ltd.; 8022275 Canada Inc. c/o Chris Wainman; 0985812 B.C. Ltd. (dba TerraCorp Investment Ltd.); Executive Director
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Hearing Type: Enforcement
Allegations: Fraud
Panel: Nigel P Cave - Chair, Audrey T. Ho, Don Rowlatt
Note: On October 24, 2018, the Panel issued its Findings. The parties' submissions on sanction are due December 7, 2018.
Action pendingChien-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: Hearing concluded. The Panel's Findings are due December 10, 2018,
Action pendingChilean Metals Inc.; TSX Venture Exchange Inc.; Christopher Berlet; Cogonov Inc.; Executive Director
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Hearing Type: Review
Allegations:
Panel: Nigel P Cave - Chair, George C. Glover, Audrey T. Ho
Note: On August 24, 2018, Chilean Metals Inc. applied to the Commission for a review of the TSX Venture Exchange decisions dated July 27 and August 10, 2018 refusing to approve private placement by Chilean Metals. On September 2, 2018, Chilean Metals applied for a review and stay of the TSX Venture Exchange trading halt decision dated August 27, 2018. On October 9, 2018, Christopher Berlet and Cogonov Inc. filed an application for standing in the review application. The Panel issued its order on the application for standing on October 24, 2018. On November 13, 2018, the Panel heard the parties’ submissions and dismissed Chilean’s interim stay application, with reasons to follow, and reserved their decision on the application for the hearing and review. The Panel's decision is due February 14, 2019.
Action pendingDamodar Arapakota; The Arapakota 2006 Family Trust; Imex Systems Inc.; TSX Venture Exchange Inc.; Executive Director
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Hearing Type: Review
Allegations:
Panel: Nigel P Cave - Chair, Judith Downes, George C. Glover
Note: On July 25, 2018, Damodar Arapakota and the Arapakota 2006 Family Trust applied to the Commission for a review of a TSX Venture Exchange decision approving a private placement by Imex Systems Inc. On September 18, 2018, the Panel issued its ruling on Imex’s applications to dismiss or stay the Arapakota application. On October 19, 2018, the Panel heard oral submissions and granted the Arapakota Parties’ and Imex’s applications to adduce new evidence. The Panel also issued its decision on the review, but reserved its decision on whether the orders sought by the Arapakota Parties are in the public interest. On November 2, 2018, the panel declined to make any further orders, with reasons to follow.
Action pendingMountainstar 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 Panel issued its findings on October 12, 2018. The parties submissions on sanctions are due December 21, 2018.

Reciprocal Order

Hearing Status Hearing Information
Reciprocal orderEdward Earl Chieduch; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations: Acting contrary to public interest
Panel: Nigel P Cave - Chair
Note: The executive director has applied for an order under section 161(6) of the Act. The respondent has until October 9, 2018 to file submissions..
Reciprocal orderMitchell Gordon Adam; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations: Acting contrary to public interest
Panel: Nigel P Cave - Chair
Note: The executive director has applied for an order under section 161(6) of the Act. The parties submissions are due November 16, 2018.

Matter Concluded

Hearing Status Hearing Information
Matter concludedFlexfi 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. On October 30, 2018, the panel heard the respondents' application and granted their request for a variation under section 171, subject to certain conditions.
Matter concludedMarcel Anil Rada; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations:
Panel: George C. Glover - Chair, Audrey T. Ho, Suzanne K Wiltshire
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 November 15, 2018, Mr. Rada filed a Notice of Abandonment of Appeal. On January 8, 2018, Mr. Rada applied to the Commission for orders under sections 171 and 173 of the Securities Act. On November 12, 2018, Mr. Rada withdrew his application.
Matter concludedRobert Clive Gardner; Executive Director
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Hearing Type: Enforcement
Allegations: Obstruction of justice
Panel: Nigel P Cave - Chair, Judith Downes, Audrey T. Ho
Note: On June 18, 2018 the parties applied to adjourn the hearing scheduled to start on August 13, 2018. On July 5, 2018 the panel granted the application. On November 16, 2018, the executive director discontinued the proceedings against Robert Clive Gardner. The hearing scheduled to start on December 3, 2018 is cancelled.
Matter concludedRoberto Castano; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations: Acting contrary to public interest
Panel: Nigel P Cave - Chair, Judith Downes
Note: The executive director has applied for an order under section 161(6) of the Act. On October 31, 2018, the Panel issued its decision.
Matter concludedShariff Chandran; Executive Director
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Hearing Type: Enforcement - Reciprocal order
Allegations: Acting contrary to public interest
Panel: Nigel P Cave - Chair, Judith Downes
Note: The executive director has applied for an order under section 161(6) of the Act. On October 31, 2018, the Panel issued its decision.

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 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. The Court of Appeal file is closed.
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.