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BCSC bans Gardener-Evans for six years

2023-09-14 20:10 ET - Street Wire

Also Street Wire (C-JUBA) Majuba Hill Copper Corp

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by Mike Caswell

The B.C. Securities Commission has imposed a six-year ban on Bryn Gardener-Evans, the former president of Majuba Hill Copper Corp., for misleading investors. The BCSC said that Mr. Gardener-Evans failed to make appropriate disclosures as the company raised $4.6-million and $1.6-million in 2018. In particular, he failed to ensure that investors knew most of the money would be used for consulting fees, leaving little for exploration, the BCSC said.

The ban for Mr. Gardener-Evans is contained in a decision that the BCSC released on Tuesday, Sept. 14. The regulator has barred him from serving as an officer or director, from promoting stocks, and from "advising or otherwise acting in a management or consultative capacity" in the markets. The BCSC has also imposed a $40,000 administrative penalty on Mr. Gardener-Evans.

In imposing the ban, the BCSC has determined that Mr. Gardener-Evans poses a risk to investors. He "failed in his obligations to ensure the public had the necessary disclosure to make informed investment decisions" and "has not demonstrated a clear recognition of what his responsibilities were," the decision states. Had he done his job properly, there would not have been any violation, the BCSC says.

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World wide shareholders base rollbacked to no one interested in buying to get rolled back. The best thesis on anti stock market practices can be found in Canada

Posted by Coke at 2023-09-15 11:21

BCSC is promoting crypto. Buy, buy, buy.... bitcoin is going to the moon. BCSC has actually registered a crypto fund manager, crypto ETFs, etc. What is the underlying asset for any crypto? It's worlds biggest ponzi scheme and fraud. It will eventually end at zero. But wait the over worked, fiefdom building bureaucrats at BCSC have stopped another firm from paying staff as consulting fees. Public company directors and officers, you should know better than to actually pay your staff. World is safe now and crypto can continue on the ponzi scheme and the fraud.

Posted by firefox at 2023-09-15 13:03

1000's of accountants not ratting, 100's of directors and managers not ratting, bribes, then using all that ill gotten gained monies to take over canadian mining, what SEC, OSC, crown oounsel doing? they doing the work for these glencore's, vale's, calling canadians crooks while letting the real crooks use illegal money, file false statements, sign off on bogus illegal monies financial statements, but so many dimwit 5th graders out there believing this b s. https://www.sudbury.com/local-news/mining-giant-glencore-is-target-of-a-massive-lawsuit-7552056

Posted by oh at 2023-09-17 15:02