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by Mike Caswell

Controversial Vancouver lawyer John Briner, the subject of many regulatory matters and a criminal case, has agreed to a temporary restraining order and asset freeze in the United States. The order prevents him from moving any money that was part of an alleged $390,000 futures trading scheme. (All figures are in U.S. dollars.) The U.S. Commodity Futures Trading Commission claims that he and a California man participated in 1,248 matched trades as part of that scheme.

The restraining order was handed down on Monday, May 11, after Mr. Briner agreed to its terms, without admitting any wrongdoing. In accepting the asset freeze, Mr. Briner agreed to co-operate with the CFTC by providing any documentation it requires as it prosecutes the matter. He also agreed to cease trading commodities. In accepting the order Mr. Briner did not offer any response to the allegations, but he did say that the money at issue was not his. According to a very brief declaration attached to the order, the money belonged entirely to a client, who Mr. Briner did not name.

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