Kladko <BKladko@bcsc.bc.ca>
Subject: B.C. Securities Commission news release: BCSC reaches settlement overillegal trading
PLAIN TEXT:
https://www.bcsc.bc.ca/News/News_Releases/2019/27_BCSC_reaches_settlement_over_illegal_trading/
BCSC reaches settlement over illegal trading
Vancouver - The British Columbia Securities Commission (BCSC) has reached a settlement agreement with a B.C. man who h
--->elped an issuer raise funds without being registered.
Lyle Charles Hogaboam raised a total of $585,000 from six investors on behalf of the issuing company, receiving $11,70
--->0 in finder's fees. Despite such trading in securities, Hogaboam was not a registrant under the B.C. Securities Act, a
--->nd he did not have an exemption from the requirement to be registered.
Hogaboam, who also invested his own and his family's funds in the issuer and lost over $1 million, cooperated with BCS
--->C staff throughout the investigation and admitted to the misconduct.
As part of the settlement, Hogaboam promises to pay $20,000 to the BCSC, due immediately. He also is prohibited for fo
--->ur years, or until such time as he pays the $20,000, from trading in or purchasing securities or exchange contracts (w
--->ith some limited exceptions); from being a director or officer of any issuer or registrant; from being or acting as a
--->registrant or promoter; from acting in a management or consultative capacity in connection with the securities market;
---> and from engaging in investor relations activities.
You may view the settlement agreement on our website www.bcsc.bc.ca by typing Lyle Charles Hogaboam in the search box.
---> Information about disciplinary proceedings can be found in the Enforcement section of the BCSC website.
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
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.jpg@01D4FB77.6166BCF0]
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>
[cid:image002.jpg@01D4FB77.6166BCF0]Please consider the environment before printing this email
________________________________
If this message is not meant for you, do not use it - please let us know, and then delete it. We try hard to keep our
--->messages and attachments free of viruses and other malicious programs, but are not liable if our precautions don't pre
--->vent their spread.
HTML CONTENT:
<html xmlns:v="urn:schemas-microsoft-com:vml" xmlns:o="urn:schemas-microsoft-com:office:office" xmlns:w="urn:schemas-m
--->icrosoft-com:office:word" xmlns:m="http://schemas.microsoft.com/office/2004/12/omml" xmlns="http://www.w3.org/TR/REC-h
--->tml40"><head>
<meta http-equiv="Content-Type" content="text/html; charset=us-ascii">
<meta name="Generator" content="Microsoft Word 15 (filtered medium)">
<!--[if !mso]><style>v\:* {behavior:url(#default#VML);}
o\:* {behavior:url(#default#VML);}
w\:* {behavior:url(#default#VML);}
.shape {behavior:url(#default#VML);}
</style><![endif]--><style><!--
/* Font Definitions */
@font-face
{font-family:Wingdings;
panose-1:5 0 0 0 0 0 0 0 0 0;}
@font-face
{font-family:"Cambria Math";
panose-1:2 4 5 3 5 4 6 3 2 4;}
@font-face
{font-family:Calibri;
panose-1:2 15 5 2 2 2 4 3 2 4;}
/* Style Definitions */
p.MsoNormal, li.MsoNormal, div.MsoNormal
{margin:0in;
margin-bottom:.0001pt;
font-size:11.0pt;
font-family:"Calibri",sans-serif;}
a:link, span.MsoHyperlink
{mso-style-priority:99;
color:#0563C1;
text-decoration:underline;}
a:visited, span.MsoHyperlinkFollowed
{mso-style-priority:99;
color:#954F72;
text-decoration:underline;}
span.EmailStyle17
{mso-style-type:personal-compose;
font-family:"Calibri",sans-serif;
color:windowtext;}
.MsoChpDefault
{mso-style-type:export-only;
font-size:10.0pt;
font-family:"Calibri",sans-serif;}
@page WordSection1
{size:8.5in 11.0in;
margin:1.0in 1.0in 1.0in 1.0in;}
div.WordSection1
{page:WordSection1;}
/* List Definitions */
@list l0
{mso-list-id:2086023853;
mso-list-template-ids:-1408597960;}
@list l0:level1
{mso-level-number-format:bullet;
mso-level-text:\F0B7;
mso-level-tab-stop:.25in;
mso-level-number-position:left;
margin-left:.25in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Symbol;}
@list l0:level2
{mso-level-number-format:bullet;
mso-level-text:o;
mso-level-tab-stop:.75in;
mso-level-number-position:left;
margin-left:.75in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:"Courier New";
mso-bidi-font-family:"Times New Roman";}
@list l0:level3
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:1.25in;
mso-level-number-position:left;
margin-left:1.25in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
@list l0:level4
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:1.75in;
mso-level-number-position:left;
margin-left:1.75in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
@list l0:level5
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:2.25in;
mso-level-number-position:left;
margin-left:2.25in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
@list l0:level6
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:2.75in;
mso-level-number-position:left;
margin-left:2.75in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
@list l0:level7
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:3.25in;
mso-level-number-position:left;
margin-left:3.25in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
@list l0:level8
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:3.75in;
mso-level-number-position:left;
margin-left:3.75in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
@list l0:level9
{mso-level-number-format:bullet;
mso-level-text:\F0A7;
mso-level-tab-stop:4.25in;
mso-level-number-position:left;
margin-left:4.25in;
text-indent:-.25in;
mso-ansi-font-size:10.0pt;
font-family:Wingdings;}
ol
{margin-bottom:0in;}
ul
{margin-bottom:0in;}
--></style><!--[if gte mso 9]><xml>
<o:shapedefaults v:ext="edit" spidmax="1026" />
</xml><![endif]--><!--[if gte mso 9]><xml>
<o:shapelayout v:ext="edit">
<o:idmap v:ext="edit" data="1" />
</o:shapelayout></xml><![endif]-->
</head>
<body lang="EN-US" link="#0563C1" vlink="#954F72">
<div class="WordSection1">
<p class="MsoNormal"><a href="https://www.bcsc.bc.ca/News/News_Releases/2019/27_BCSC_reaches_settlement_over_illegal_t
--->rading/">https://www.bcsc.bc.ca/News/News_Releases/2019/27_BCSC_reaches_settlement_over_illegal_trading/</a><b><span s
--->tyle="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"><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">BCSC reaches settlement over illegal trading<o:p></o:p></span></b></p>
<p class="MsoNormal"><b><span style="font-size:12.0pt;font-family:"Times New Roman",serif"><o:p> </o:p>
---></span></b></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"> - The British Columbia Securities Com
--->mission (BCSC) has reached a settlement agreement
with a B.C. man who helped an issuer raise funds without being registered.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Lyle Charles Hogaboa
--->m raised a total of $585,000 from six investors on behalf of the issuing company, receiving $11,700 in finder's fees.
--->Despite such trading in securities,
Hogaboam was not a registrant under the B.C.<i> Securities Act</i>, and he did not have an exemption from the require
--->ment to be registered.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">Hogaboam, who also i
--->nvested his own and his family's funds in the issuer and lost over $1 million, cooperated with BCSC staff throughout t
--->he investigation and admitted to
the misconduct.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">As part of the settl
--->ement, Hogaboam promises to pay $20,000 to the BCSC, due immediately. He also is prohibited for four years, or until s
--->uch time as he pays the $20,000,
from trading in or purchasing securities or exchange contracts (with some limited exceptions); from being a director
--->or officer of any issuer or registrant; from being or acting as a registrant or promoter; from acting in a management
--->or consultative capacity
in connection with the securities market; and from engaging in investor relations activities.<br>
<br>
<o:p></o:p></span></p>
<p class="MsoNormal"><span style="font-size:12.0pt;font-family:"Times New Roman",serif">You may view the set
--->tlement agreement on our website www.bcsc.bc.ca by typing Lyle Charles Hogaboam in the search box. Information about d
--->isciplinary proceedings can be
found in the Enforcement section of the BCSC website.<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"><
--->br>
About the British Columbia Securities Commission (<span class="MsoHyperlink"><a href="http://www.bcsc.bc.ca">www.bcsc.
--->bc.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-GB" style="font-size:10.0pt;font-family:Symbol"><span style="mso-list:Ignore">&mid
--->dot;<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
</span><span lang="EN-GB" style="font-size:12.0pt;font-family:"Times New Roman",serif"><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"><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">Public
--->inquiries:<br>
604-899-6854 or 1-800-373-6393 (toll free)<br>
<u><span style="color:blue"><a href="mailto:inquiries@bcsc.bc.ca">inquiries@bcsc.bc.ca</a></span></u><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">Learn h
--->ow to protect yourself and become a more informed investor at <u><span style="color:blue"><a href="http://www.inv
--->estright.org/" target="_blank" title="www.investright.org">www.investright.org</a></span></u><span style="color:blue">
---><o:p></o:p></span></span></p>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
<table class="MsoNormalTable" border="0" cellspacing="0" cellpadding="0" style="border-collapse:collapse">
<tbody>
<tr>
<td width="61" valign="top" style="width:46.05pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal"><img border="0" width="46" height="66" id="Picture_x0020_1" src="cid:image001.jpg@01D4FB77.6166BC
--->F0"><span style="color:#1F497D"><o:p></o:p></span></p>
</td>
<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>
</td>
<td width="270" valign="top" style="width:3.2in;padding:0in 5.4pt 0in 5.4pt">
<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
--->an style="font-size:8.0pt;color:#1F497D"> |
</span><a href="https://www.facebook.com/BCSCInvestRight"><span style="font-size:8.0pt;color:#1F497D">Facebook</span><
--->/a><span style="font-size:8.0pt;color:#1F497D"> |
</span><a href="https://www.youtube.com/user/BCSCInvestRight"><span style="font-size:8.0pt;color:#1F497D">YouTube</spa
--->n></a><span style="font-size:8.0pt;color:#1F497D"><o:p></o:p></span></p>
</td>
</tr>
<tr>
<td width="61" valign="top" style="width:46.05pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormal" style="margin-top:12.0pt"><span style="font-size:12.0pt;color:#1F497D"><o:p> </o:p></span></
--->p>
</td>
<td width="505" colspan="2" valign="top" style="width:432.75pt;padding:0in 5.4pt 0in 5.4pt">
<p class="MsoNormalCxSpMiddle" style="mso-margin-top-alt:3.0pt;margin-right:0in;margin-bottom:3.0pt;margin-left:0in;ms
--->o-add-space:auto">
<img border="0" width="24" height="22" id="Picture_x0020_2" src="cid:image002.jpg@01D4FB77.6166BCF0"><span style="font
--->-size:9.0pt;color:#028E13">Please consider the environment before printing this email</span><span style="font-size:10.
--->0pt;color:#028E13"> &nb
--->sp; &
--->nbsp;  
--->;
</span><span style="font-size:8.0pt;color:#1F497D"><o:p></o:p></span></p>
</td>
</tr>
</tbody>
</table>
<p class="MsoNormal"><o:p> </o:p></p>
<p class="MsoNormal"><o:p> </o:p></p>
</div>
<br>
<hr>
<font face="Arial" color="Gray" size="1"><br>
If this message is not meant for you, do not use it - please let us know, and then delete it. We try hard to keep our
--->messages and attachments free of viruses and other malicious programs, but are not liable if our precautions don't pre
--->vent their spread.<br>
</font>
</body>
</html>
© 2024 Canjex Publishing Ltd. All rights reserved.