10:24:00 EDT Sun 25 Sep 2022
Enter Symbol
or Name

Login ID:

BCSC fines clients of "influencer" service Stock Social

2022-09-20 20:45 ET - Street Wire

Also Street Wire (C-IP) ImagineAR Inc
Also Street Wire (C-VIDA) Phivida Holdings Inc
Also Street Wire (C-XMG) MGX Minerals Inc

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

The B.C. Securities Commission has imposed fines totalling $55,000 over disclosure failures stemming from advertising by Stock Social Inc., a company run by West Vancouver's Kyle Johnston. The BCSC claimed that Stock Social sent out advertising disguised as objective, journalistic content. Missing from that material was any mention that the companies had paid for its dissemination, the BCSC said.

The penalties are contained in three settlement agreements that the BCSC released on Tuesday, Sept. 20. The settlements impose $10,000 fines on three company officers and a $25,000 fine on one company. Those accepting the fines include MGX Minerals Inc. and its president, Jared Lazerson. Also accepting fines are Phivida Holdings Inc. president John-David Belfontaine and ImagineAR Inc. adviser Chad McMillan.

The sanctions stem from advertising that Stock Social performed for the companies between August, 2016, and March, 2018. According to the BCSC, the material went out through several websites, generally written in the style of a news article. It was designed to look and read like objective journalistic content.

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

© 2022 Canjex Publishing Ltd. All rights reserved.

Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.

ImagineAR (IP) five cents.. MGX Minerals (XMG) bid .01 ask .03 last trade Mar 02 Phivida (VIDA) .055 last trade Sep 15-2020 Bearing Lithium (BRZ) .35 Hello Pal (HP) Bid .06 ask .06 last trade Sep 06, suspended Sep 7

Posted by halcrow at 2022-09-21 14:33

proper journalism? LNG stories by reporters across Canada, and NOT 1 of them knew that Fortis LNG facility at Tilbury is in operation, AND the roof is up on both tanks, means they full of LNG to be shipped. So what is proper journalism?

Posted by turds at 2022-09-21 15:13

guess we gotta invade whale cove nunavut to scram the commie nord gold outta there, pro putin journalists canada wide havent raised a peep about the ongoing mining of the commies. commies helping commies

Posted by commie journalists pro putin at 2022-09-21 19:10