SEC wins appeal ruling against Sharp associates

2026-02-23 20:54 ET - Street Wire

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Will no one rid me of this meddlesome pest?" attributed to Henry II of England in 1170.

By Gordon Hoekstra Published Nov 24, 2023 https://vancouversun.com/business/accused-b-c-financial-fraudster-fights-penalties-in-drawn-out-legal-battles Since last year, Frederick Sharp, 71, has been fighting in B.C. Supreme Court the U.S. Security and Exchange Commission That six-year fight ended this month when the Supreme Court of Canada ruled against Sharp and three others who had launched appeals against Quebec’s securities commission, the Autorité des marchés financiers, and Quebec’s Financial Market Administrative Tribunal.

But even the high court’s decision — which came after rejections from the tribunal, the Superior Court of Quebec, and the Quebec Court of Appeal — does not end that regulatory battle.

The matter now goes back to the Autorité des marchés financiers. Sharp fought the Canada Revenue Agency probe to the Federal Court of Appeal, arguing the agency misused its audit powers and that its powers violated constitutional privacy rights. The appeal court ruled against Sharp and others in 2022 and he discontinued the case.

Frederick L. Sharp, Luis Carrillo, Courtney M. Kelln, Mike K.G. Veldhuis, and Paul Sexton Indicted for Long-Running Pump-and-Dump Schemes January 16, 2024•Brenda Hamilton, NYSE, Nasdaq, Securities and Going Public Lawyer https://www.securitieslawyer101.com/2024/01/16/frederick-l-sharp-luis-carrillo-courtney-m-kelln-mike-k-g-veldhuis-and-paul-sexton-indicted-for-long-running-pump-and-dump-schemes/ Four Canadian nationals and one former California attorney, who is believed to be residing in Mexico, were indicted on Jan. 9, 2024 in connection with long-running international securities fraud schemes in which they sold millions of shares in multiple microcap—or “penny”—stock companies during pump-and-dumps, generating at least tens of millions of dollars in illicit proceeds. The indictment charged Frederick L. Sharp, 71, and Courtney M. Kelln, 43, both of British Columbia, with two counts each of securities fraud and conspiracy to commit securities fraud. The indictment further charged Luis Carrillo, 50, previously of California, and Mike K.G. Veldhuis, 43, and Paul Sexton, 55, both of British Columbia, with one count each of securities fraud and conspiracy to commit securities fraud.