Kladko <BKladko@bcsc.bc.ca>
Subject: BCSC News Release: Surrey woman jailed for failing to attend hearing
PLAIN TEXT:
https://www.bcsc.bc.ca/News/News_Releases/2019/01_Surrey_woman_jailed_for_failing_to_attend_hearing/
Surrey woman jailed for failing to attend hearing
Vancouver - Renee Michelle Penko has been sent to jail for 30 days after failing to attend a court hearing during the
--->British Columbia Securities Commission's (BCSC) efforts to collect her outstanding fines.
In its 2016 sanctions decision (2016 BCSECCOM 283), the BCSC ordered Penko to pay an administrative penalty of $40,000
---> and to disgorge $155,000. Penko has not paid her fines, and the BCSC has been persistent in taking steps to collect t
--->hem.
After executing a writ of seizure and sale, which resulted in no assets, and scheduling an examination in aid, which P
--->enko did not attend, the BCSC issued a subpoena to debtor to Penko on November 6, 2018. A subpoena to debtor is a col
--->lection step that requires debtors to provide information about their financial situation and can lead to a court-orde
--->red payment plan.
On November 6, Penko failed to attend the subpoena to debtor hearing. She was then required to appear in court on Dece
--->mber 4, but she did not. The BCSC then obtained an apprehension order from the court and on December 31, Penko surrend
--->ered to the court. The judge found she was in contempt and sentenced her to 30 days in jail. The court also ordered he
--->r to appear before the court in New Westminster on January 30, 2019.
Penko, a former registrant, was a finder in a fraud operated by Thomas Arthur Williams, a former registrant permanentl
--->y banned for fraud by a BCSC panel.
In its 2016 sanctions decision, in addition to issuing fines, the BCSC imposed conditions on her registration, prohibi
--->ted her from purchasing or trading in securities, acting in a management or consultative capacity in connection with t
--->he activities in the securities market, and engaging in investor relations activities, all with exceptions. She was al
--->so ordered to resign any position she holds as a director or officer of any issuer or registrant. Her bans and supervi
--->sion are to remain in effect until the later of the date that she pays her monetary orders and August 17, 2020.
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
Media Contact:
Brian Kladko
604-899-6713
[cid:image005.jpg@01D4A819.7CA8E800]
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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<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><a href="https://
--->www.bcsc.bc.ca/News/News_Releases/2019/01_Surrey_woman_jailed_for_failing_to_attend_hearing/">https://www.bcsc.bc.ca/N
--->ews/News_Releases/2019/01_Surrey_woman_jailed_for_failing_to_attend_hearing/</a><o:p></o:p></span></b></p>
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times
---> New Roman",serif"><o:p> </o:p></span></b></p>
<p class="MsoNormal" align="center" style="text-align:center"><b><span style="font-size:12.0pt;font-family:"Times
---> New Roman",serif">Surrey woman jailed for failing to attend hearing<o:p></o:p></span></b></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p></s
--->pan></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Vancouver</span><
--->/b><span style="font-size:12.0pt;font-family:"Times New Roman",serif"> - Renee Michelle Penko has been sent
--->to jail for 30 days after failing to attend
a court hearing during the British Columbia Securities Commission's (BCSC) efforts to collect her outstanding fines.<
--->br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">In its 2016 sanction
--->s decision (2016 BCSECCOM 283), the BCSC ordered Penko to pay an administrative penalty of $40,000 and to disgorge $15
--->5,000. Penko has not paid her fines,
and the BCSC has been persistent in taking steps to collect them.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">After executing a wr
--->it of seizure and sale, which resulted in no assets, and scheduling an examination in aid, which Penko did not attend,
---> the BCSC issued a subpoena to
debtor to Penko on November 6, 2018. A subpoena to debtor is a collection step that requires debtors to provide
---> information about their financial situation and can lead to a court-ordered payment plan.<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">On November 6, Penko
---> failed to attend the subpoena to debtor hearing. She was then required to appear in court on December 4, but she did
--->not. The BCSC then obtained an
apprehension order from the court and on December 31, Penko surrendered to the court. The judge found she was in cont
--->empt and sentenced her to 30 days in jail. The court also ordered her to appear before the court in New Westminster on
---> January 30, 2019.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Penko, a former regi
--->strant, was a finder in a fraud operated by Thomas Arthur Williams, a former registrant permanently banned for fraud b
--->y a BCSC panel.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">In its 2016 sanction
--->s decision, in addition to issuing fines, the BCSC imposed conditions on her registration, prohibited her from purchas
--->ing or trading in securities, acting
in a management or consultative capacity in connection with the activities in the securities market, and engaging in
--->investor relations activities, all with exceptions. She was also ordered to resign any position she holds as a directo
--->r or officer of any issuer
or registrant. Her bans and supervision are to remain in effect until the later of the date that she pays her monetar
--->y orders and August 17, 2020.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><b><u><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">A
--->bout the British Columbia Securities Commission (<span class="MsoHyperlink"><a href="http://www.bcsc.bc.ca">www.bcsc.b
--->c.ca</a></span>)
<o:p></o:p></span></u></b></p>
<p class="MsoNormal"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p>&n
--->bsp;</o:p></span></p>
<p class="MsoNormal"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">The Bri
--->tish Columbia Securities Commission is the independent provincial government agency responsible for regulating capital
---> markets in British Columbia through
the administration of the <i>Securities Act</i>. Our mission is to protect and promote the public interest by fosteri
--->ng:<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p>&n
--->bsp;</o:p></span></p>
<p class="MsoNormal" style="margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo2;background:white">
<![if !supportLists]><span lang="EN" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">·
--->;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span lang="EN" style="font-size:12.0pt;font-family:"Times New Roman",serif">
--->A securities market that is fair and warrants public confidence
<o:p></o:p></span></p>
<p class="MsoNormal" style="margin-left:.25in;text-indent:-.25in;mso-list:l0 level1 lfo2;background:white">
<![if !supportLists]><span lang="EN" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">·
--->;<span style="font:7.0pt "Times New Roman"">
</span></span></span><![endif]><span lang="EN" style="font-size:12.0pt;font-family:"Times New Roman",serif">
--->A dynamic and competitive securities industry that provides investment opportunities and access to capital
<o:p></o:p></span></p>
<p class="MsoNormal"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p>&n
--->bsp;</o:p></span></p>
<p class="MsoNormal"><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif">Media C
--->ontact:<br>
Brian Kladko<br>
604-899-6713<o:p></o:p></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
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<p class="MsoNormal"><img border="0" width="46" height="66" id="Picture_x0020_1" src="cid:image005.jpg@01D4A819.7CA8E8
--->00"><span style="color:#1F497D"><o:p></o:p></span></p>
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<td width="235" 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>
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