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by Mike Caswell

The U.S. Securities and Exchange Commission has won yet another sanction against Jonathan Curshen, a repeat Vancouver-linked securities violator. A New York judge has fined Mr. Curshen $159,569 and handed him a permanent penny stock ban. (All figures are in U.S. dollars.) The judge has found that he and another man bribed brokers to buy shares of a Washington State pink sheets listing called Industrial Biotechnology Corp.

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Jonathan Curshen

For Mr. Curshen, the ban represents the third time he had been permanently barred from penny stocks. The SEC first won a permanent penny stock ban against him for the 2000 pump-and-dump of Freedom Golf Inc., after claiming that he and others dumped over $500,000 worth of stock while posting baseless revenue and profit predictions for the company on-line. (The trial in that case included testimony from former Union Securities Ltd. employees Trevor Koenig and Joe Fernando, who worked at the firm's controversial White Rock branch.)

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