To Mr. EBY BC minister
Why is the BCSC so corrupt as well as ineffective?
Mr. Minister if I live long enough I would like to have answered the question posed above.
There are much more serious actions in the works that will bring to light many examples of the corruption at the BCSC over the years, why does this go on?
Who is the BCSC accountable too,no one looks like!
One example will be the case against Mountainstar and its CEO Brent Johnson.This is a manufactured action to protect the interests of the high volume trades on Barrick stock as well as much more serious issues.
The results of these counter efforts will be to prove and show that the BCSC is complicit in many nefarious activities.These will come to light in 2019.
May make the issues of the pipeline to Burnaby somewhat pale in comparison.
This corrupt organisation will add to the need to bring all Canadian securities administration under one roof so to speak.
The BCSC is a big problem as have been securities fraud in BC as a whole.
Your people better start paying close attention as this may blow up in your proverbial faces in due time.The clock is about to strike the GONG.
respectfully...............................................
eg
from IKN
The BCSC is not the solution for Canada's capital markets, it is part of the problem
We're back on the BridgeMark Group case, in which a whole bunch of scallywags and scoundrels have finally been collared for their nefarious activities. Of course it was first announced as a thing by the BCSC but as we subsequently learned, if it weren't for the US SEC getting on the BCSC's tush and telling them to to something about the single most corrupt capital market of all industrialized nations (or else), there would have been nothing. On pain of death, The BCSC has been dragged kicking and screaming by the US SEC into doing its job for the first time in forever and further to that line, today we have this news report (forwarded to IKN by the intrepid and highly esteemed tweeter IvanaBoastsky) which beggars belief. Your headline:
Convicted fraud artist at centre of crypto, cannabis shares scheme
Aly Babu Mawji was jailed in Germany for a massive pump-and-dump scheme, but has returned to B.C.’s capital markets to allegedly help orchestrate another stock fraud operation
It turns out that one of the BridgeMark Group members, one Aly Babu Mawji, was convicted for serious securities fraud in another country and served significant jailtime, but met with zero problems when he decided to move back to his country of residence Canada and go for repeat performances on its stock market afterward. An extract:
When asked how it is possible for any person to commit securities fraud in Europe and subsequently engage in the B.C. market, the commission continued to state that it “does not discuss details of ongoing enforcement actions,” thus offering no assurances there was cross-jurisdictional regulatory and enforcement oversight in this instance.
Mawji also now stands accused by the BCSC of being one of the more prominent players in a scheme involving BridgeMark, based on the volume of shares he purchased.
The BCSC should hang its head in shame. These people are facilitating massive fraud by their non-action (while making all sorts of fuss if a mining company commits the heinous crime of writing "ore" instead of "mineral"). Perhaps the people who run the lamest regulatory body in the world should stop frequenting the same country clubs and golf courses as the scumbag millionaires...
movie at 11:00
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