The B.C. government is plugging a loophole in its securities legislation to allow investment industry penalties to be enforced by the regulator in B.C. Supreme Court.
Finance Minister Carole James joined representatives of the Investment Industry Regulatory Organization of Canada () at a Victoria seniors香蕉视频直播 centre Friday to explain the changes James has introduced in the B.C. legislature.
香蕉视频直播淢any British Columbians invest their life savings in the securities market,香蕉视频直播 James said. 香蕉视频直播淭hey expect their money will be safe from fraudsters.香蕉视频直播
The industry self-regulator reports that it currently has $4.7 million in unpaid fines against individuals in B.C. dating back to 2008. It conducted 21 investigations of securities sales in 2017, with seven prosecutions completed.
香蕉视频直播淪eniors form IIROC香蕉视频直播檚 largest source of complaints and represent the highest proportion of victims of misconduct,香蕉视频直播 the agency said in a statement. 香蕉视频直播淎lmost 40 per cent of all cases reviewed and approximately 30 per cent of prosecutions involve seniors.香蕉视频直播
B.C. and Manitoba are moving to join Alberta, Ontario, Quebec and Prince Edward Island in enforcing IIROC penalties in court.