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

In a footnote to its case against Vancouver lawyer Neal Wang, the Law Society of British Columbia has ordered Mr. Wang to pay $35,252, representing the costs to pursue him for professional misconduct. The Law Society claimed that Mr. Wang allowed a client to move $2.9-million through his trust account while being aware of an investigation by the U.S. Securities and Exchange Commission against the client. The Law Society determined that Mr. Wang's actions reflected "a sustained departure from the standards expected of a practicing lawyer."

The payment is contained in an order that the Law Society entered on Oct. 21, 2025. The $35,252 that Mr. Wang must pay constitutes an agreement on the costs that the Law Society incurred in connection with his case, which included 10 days of hearings. The payment is in addition to a four-month suspension that the Law Society previously imposed on Mr. Wang.

The Law Society had little else to say about Mr. Wang's violation in the costs order, but it set out the details of the matter in a prior decision. In short, the case stemmed from money that Mr. Wang moved for two corporate entities in 2017 and 2018. Those entities were owned by a client identified only as "WW," who Mr. Wang had met in 2011. According to the Law Society, Mr. Wang accepted two transfers, of $1.5-million and $1.4-million, into his trust account in August, 2017, on behalf of WW.

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