Kladko <BKladko@bcsc.bc.ca>
Subject: BCSC News Release: BCSC settles with B.C. man who traded securitieswithout registration
PLAIN TEXT:
https://www.bcsc.bc.ca/News/News_Releases/2018/80_BCSC_settles_with_B_C__man_who_traded_securities_without_registratio
--->n/
BCSC settles with B.C. man who traded securities without registration
2018/80
October 18, 2018
Vancouver - The British Columbia Securities Commission (BCSC) has reached a settlement agreement<https://www.bcsc.bc.c
--->a/Enforcement/Settlements/Les_Weinstein__Order_and_Settlement_Agreement_/> with a B.C. man who traded securities witho
--->ut registration when he purchased shares in a private placement for investors.
Les Weinstein, a B.C. resident, admitted in the settlement that he entered into two subscription agreements with an is
--->suer to purchase 700,000 shares of the issuer. In both of these subscription agreements, Weinstein acted as an interme
--->diary between the issuer and investors when he purchased 463,000 of the total 700,000 shares on behalf of the investor
--->s. In doing so, Weinstein traded in securities without being registered and without an available exemption from the re
--->gistration requirement under the Securities Act.
Weinstein has agreed to pay $5,000 to the Commission and he is prohibited from acting as a registrant or promoter and
--->from engaging in investor relations activities until the later of two years or until he has paid the Commission.
You may view the settlement agreement on our website www.bcsc.bc.ca<http://www.bcsc.bc.ca/> by typing Les Weinstein or
---> 2018 BCSECCOM 305 in the search box. Information about disciplinary proceedings can be found in the Enforcement secti
--->on<https://www.bcsc.bc.ca/Enforcement/> of the BCSC website.
The Canadian Securities Administrators maintains national databases for disciplined persons and firms<http://www.secu
--->rities-administrators.ca/disciplinedpersons.aspx?id=74> and cease trade orders<http://cto-iov.csa-acvm.ca/Default.asp?
--->Instance=101&Script=Issuers&Letter=a&XSL=SearchByCompanyName>. These databases include all persons in Canada disciplin
--->ed for securities trading offences.
About the British Columbia Securities Commission ( www.bcsc.bc.ca <http://www.bcsc.bc.ca/> )
The British Columbia Securities Commission is the independent provincial government agency responsible for regulating
--->capital markets in British Columbia through the administration of the Securities Act. Our mission is to protect and pr
--->omote the public interest by fostering:
A securities market that is fair and warrants public confidence
A dynamic and competitive securities industry that provides investment opportunities and access to capital
- 30 -
Media Contact:
Brian Kladko
604-899-6713
Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca<mailto:inquiries@bcsc.bc.ca>
Learn how to protect yourself and become a more informed investor at www.investright.org<http://www.investright.org/>
[cid:image001.png@01D466D0.7B74A620]
Brian Kladko
Manager, Media Relations and Public Affairs
British Columbia Securities Commission
1200 - 701 West Georgia Street
Vancouver, BC V7Y 1L2
Tel: 604-899-6713
Mobile: 604-671-6910
www.bcsc.bc.ca<http://www.bcsc.bc.ca/>
Email: bkladko@bcsc.bc.ca<mailto:%20bkladko@bcsc.bc.ca>
Find Us on: Twitter<https://twitter.com/BCSCInvestRight> | Facebook<https://www.facebook.com/BCSCInvestRight> | YouTub
--->e<https://www.youtube.com/user/BCSCInvestRight>
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<h1 style="margin:0in;margin-bottom:.0001pt"><span style="font-size:10.0pt;font-family:"Arial","sans-se
--->rif";color:#052C48;font-weight:normal"><a href="https://www.bcsc.bc.ca/News/News_Releases/2018/80_BCSC_settles_wi
--->th_B_C__man_who_traded_securities_without_registration/">https://www.bcsc.bc.ca/News/News_Releases/2018/80_BCSC_settle
--->s_with_B_C__man_who_traded_securities_without_registration/</a><o:p></o:p></span></h1>
<h1 style="margin:0in;margin-bottom:.0001pt"><span style="font-size:10.0pt;font-family:"Arial","sans-se
--->rif";color:#052C48;font-weight:normal"><o:p> </o:p></span></h1>
<h1 style="margin:0in;margin-bottom:.0001pt"><span style="font-size:12.0pt;font-family:"Arial","sans-se
--->rif";color:#052C48">BCSC settles with B.C. man who traded securities without registration<o:p></o:p></span></h1>
<p><span style="font-family:"Arial","sans-serif";color:black">2018/80 <br>
October 18, 2018<o:p></o:p></span></p>
<p><strong><span lang="EN-GB" style="font-family:"Arial","sans-serif";color:black">Vancouver</span
--->></strong><strong><span style="font-family:"Arial","sans-serif";color:black"> </span></strong
--->><span lang="EN-GB" style="font-family:"Arial","sans-serif";color:black">-
The British Columbia Securities Commission (BCSC) <a href="https://www.bcsc.bc.ca/Enforcement/Settlements/Les_We
--->instein__Order_and_Settlement_Agreement_/" target="_blank" title="has reached a settlementagreement"><span style="colo
--->r:#7E3141">has reached a settlement
agreement</span></a> with a B.C. man who traded securities without registration when he purchased shares in a pr
--->ivate placement for investors.</span><span style="font-family:"Arial","sans-serif";color:black"><o
--->:p></o:p></span></p>
<p><span lang="EN-GB" style="font-family:"Arial","sans-serif";color:black">Les Weinstein, a B.C. r
--->esident, admitted in the settlement that he entered into two subscription agreements with an issuer to purchase 700,00
--->0 shares of the issuer. </span><span style="font-family:"Arial","sans-serif";color:black">In
both of these subscription agreements, Weinstein acted as an intermediary between the issuer and investors when he pu
--->rchased 463,000 of the total 700,000 shares on behalf of the investors. </span><span lang="EN-GB" style="font-fam
--->ily:"Arial","sans-serif";color:black">In
doing so, Weinstein traded in securities without being registered and without an available exemption from the registr
--->ation requirement under the <em><span style="font-family:"Arial","sans-serif"">Securities Act
---></span></em>.</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span><
--->/p>
<p><span style="font-family:"Arial","sans-serif";color:black">Weinstein has agreed to pay $5,000 t
--->o the Commission and he is prohibited from acting as a registrant or promoter and from engaging in investor relations
--->activities until the later of two years or
until he has paid the Commission.<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">You may view the settlement agreemen
--->t on our website <a href="http://www.bcsc.bc.ca/" target="_blank" title="www.bcsc.bc.ca"><span style="color:#7E31
--->41">www.bcsc.bc.ca</span></a> by typing Les Weinstein
or 2018 BCSECCOM 305 in the search box. Information about disciplinary proceedings can be found in the <a href="
--->https://www.bcsc.bc.ca/Enforcement/" title="Enforcement section"><span style="color:#7E3141">Enforcement section</span
--->></a> of the BCSC website.<o:p></o:p></span></p>
<p><span lang="EN-CA" style="font-family:"Arial","sans-serif";color:black">The Canadian Securities
---> Administrators maintains national databases for </span><span style="font-family:"Arial","sans-ser
--->if";color:black"> </span><span lang="EN-CA" style="font-family:"Arial","sans-serif";colo
--->r:black"><a href="http://www.securities-administrators.ca/disciplinedpersons.aspx?id=74" target="_blank" title="discip
--->lined persons and firms"><span style="color:#7E3141">disciplined
persons and firms</span></a> and <a href="http://cto-iov.csa-acvm.ca/Default.asp?Instance=101&Script=Is
--->suers&Letter=a&XSL=SearchByCompanyName" target="_blank" title="cease trade orders"><span style="color:#7E3141"
--->>cease trade orders</span></a>. These databases
include all persons in Canada disciplined for securities trading offences.</span><span style="font-family:"Arial
--->","sans-serif";color:black"><o:p></o:p></span></p>
<p><strong><u><span lang="EN-GB" style="font-family:"Arial","sans-serif";color:black">About the Br
--->itish Columbia Securities Commission (</span></u></strong><strong><u><span style="font-family:"Arial","
--->sans-serif";color:black"> </span></u></strong><span style="font-family:"Arial","sans-serif&qu
--->ot;;color:black"><a href="http://www.bcsc.bc.ca/"><strong><span lang="EN-GB" style="font-family:"Arial",&quo
--->t;sans-serif";color:#7E3141;text-decoration:none">www.bcsc.bc.ca</span></strong><strong><span style="font-family:
--->"Arial","sans-serif";color:#7E3141;text-decoration:none"> </span></strong></a></span><strong>
---><u><span lang="EN-GB" style="font-family:"Arial","sans-serif";color:black">)</span></u></strong><s
--->pan style="font-family:"Arial","sans-serif";color:black"><o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">The British Columbia Securities Comm
--->ission is the independent provincial government agency responsible for regulating capital markets in British Columbia
--->through the administration of the <em><span style="font-family:"Arial","sans-serif"">Securiti
--->es
Act</span></em>. Our mission is to protect and promote the public interest by fostering:<o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif";color:black">A securities market that i
--->s fair and warrants public confidence</span><span style="font-family:"Arial","sans-serif";color:bl
--->ack"><o:p></o:p></span></p>
<p><span lang="EN" style="font-family:"Arial","sans-serif";color:black">A dynamic and competitive
--->securities industry that provides investment opportunities and access to capital</span><span style="font-family:"
--->Arial","sans-serif";color:black"><o:p></o:p></span></p>
<p align="center" style="text-align:center"><span lang="EN-GB" style="font-family:"Arial","sans-serif&q
--->uot;;color:black">- 30 -</span><span style="font-family:"Arial","sans-serif";color:black"><o:p></o
--->:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">Media Contact:<br>
Brian Kladko<br>
604-899-6713<o:p></o:p></span></p>
<p><span style="font-family:"Arial","sans-serif";color:black">Public inquiries:<br>
604-899-6854 or 1-800-373-6393 (toll free)<br>
<a href="mailto:inquiries@bcsc.bc.ca"><span lang="EN-GB" style="color:#7E3141">inquiries@bcsc.bc.ca</span></a><o:p></o
--->:p></span></p>
<p><span lang="EN-GB" style="font-family:"Arial","sans-serif";color:black">Learn how to protect yo
--->urself and become a more informed investor at </span><span style="font-family:"Arial","sans-serif&
--->quot;;color:black"> <a href="http://www.investright.org/" target="_blank" title="www.investright.org"><span lang=
--->"EN-GB" style="color:#7E3141">www.investright.org</span></a><o:p></o:p></span></p>
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</td>
<td width="337" valign="top" style="width:202.35pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><b><span style="font-size:8.0pt;color:#1
--->F497D">Brian Kladko<o:p></o:p></span></b></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><b><span style="font-size:8.0pt;color:#1
--->F497D">Manager, Media Relations and Public Affairs<o:p></o:p></span></b></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">British Columbia Securities Commission<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">1200 - 701 West Georgia Street<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">Vancouver, BC V7Y 1L2<o:p></o:p></span></p>
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<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">Tel: 604-899-6713<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">Mobile: 604-671-6910<o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><a href="http://www.bcsc.bc.ca/"><span s
--->tyle="font-size:8.0pt;color:#1F497D">www.bcsc.bc.ca</span></a><span style="font-size:8.0pt;color:#1F497D"><o:p></o:p><
--->/span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">Email:</span><a href="mailto:%20bkladko@bcsc.bc.ca"><span style="font-size:8.0pt;color:blue"> bkladko@bcsc.bc.ca</
--->span></a><span style="font-size:8.0pt;color:#1F497D"><o:p></o:p></span></p>
<p class="MsoNormalCxSpMiddle" style="margin-bottom:2.0pt;mso-add-space:auto"><span style="font-size:8.0pt;color:#1F49
--->7D">Find Us on:
</span><a href="https://twitter.com/BCSCInvestRight"><span style="font-size:8.0pt;color:#1F497D">Twitter</span></a><sp
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--->.png@01D466D0.7B74A620"><span style="font-size:9.0pt;color:#028E13">Please consider the environment before printing th
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