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Friday, March 15, 2024 1:10:01 PM
You are always going on about paid "bashers"....got some bad news for you...
https://www.newswire.ca/news-releases/bcsc-settles-with-mining-company-and-ceo-for-failing-to-disclose-that-advertorials-and-social-media-posts-were-issued-on-its-behalf-893643258.html
The Securities Act requires anyone engaged in investor relations activities, or who is doing so on behalf of an issuer or security holder, to clearly and conspicuously disclose when promotional materials are issued by them or on their behalf.
MGX, a reporting issuer in B.C. whose shares trade on the Canadian Securities Exchange, admitted it violated the Securities Act by not ensuring these promotional materials disclosed they were issued on its behalf.
As MGX's CEO, president and director, Jared Michael Lazerson reviewed, revised and approved some content prepared for MGX by Stock Social staff or third parties. Lazerson admitted his involvement in the company's contravention of the Securities Act, and therefore contravened it himself.
Under the settlement, MGX must pay $25,000 to the BCSC and Lazerson must pay $10,000.
Just my opinion, of course.
Recent NBRI News
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