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by Mike Caswell

On a Friday afternoon in August, while attending the Cactus Club Cafe on Burrard Street, Brent Pierce received another legal action from the U.S. Securities and Exchange Commission. On that day, a process server delivered a copy of an application the SEC filed in U.S. federal court seeking to collect $7.24-million in administrative sanctions. (All figures are in U.S. dollars.) The regulator claimed that Mr. Pierce failed to pay his penalties from the Lexington Resources Inc. scheme.

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Brent Pierce

Details of the matter are contained in an affidavit of service filed on Sept. 29, 2016, in U.S. District Court in San Francisco. The affidavit describes how a process server in Vancouver received court documents for Mr. Pierce on Aug. 5, 2016. The documents were to be delivered to the 40th floor of the Hotel Georgia Residences, at the corner of Howe and Georgia. For reasons not stated in the affidavit, the process server delivered the documents by hand two blocks away, at the Cactus Club Cafe. The recipient, as described in the affidavit, was Mr. Pierce, who is listed as a white male, with gray hair and no glasses. (The affidavit also incorrectly lists Mr. Pierce's age as 55. He was born in 1957, making him 58 or 59.)

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