This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

by Mike Caswell

Vancouver-area resident Marcel Rada has been charged for breaching a ban that the B.C. Securities Commission imposed on him in 2017. The BCSC had banned Mr. Rada, who was a broker at Wolverton Securities Ltd., over off-book investments that involved "basic dishonesty," with clients putting money into companies and Mr. Rada being the primary beneficiary of that money. The BCSC says that he has been violating that ban for eight years, or almost the entire time it has been in place.

The charges against Mr. Rada, 59, were disclosed by the BCSC on Wednesday, June 18. As with most criminal matters (or in this case a quasi-criminal matter), the BCSC has released few details. The charges are two counts related to contraventions of the B.C. Securities Act. Mr. Rada has not yet entered a plea.

While the BCSC had little to say on Wednesday, it is clear that Mr. Rada has been busy since he received his ban. He looks to be behind the website marcelrada.com, begun in 2018, which touts gold exploration opportunities in Guyana as well as oil and gas projects in that country. The website describes Mr. Rada as having "decades of investment experience" and says that he "currently manages the day to day affairs of his private family office including the management of a diverse investment portfolio of natural resource assets."

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS