The panel found that Alexander Anderson and Ken Chua distributed shares of Oriens Travel and Hotel Management Corp. to three B.C. residents without filing a prospectus and for which no exemptions were available. Anderson and Chua raised proceeds of US $58,500.
Chua is the President and Chief Executive Officer of Oriens. Anderson is the Secretary of Oriens. Neither Chua nor Anderson have been registered in any capacity under the Act, and Oriens has never been registered to trade in securities and has never filed a prospectus under the Act.
The panel found that Alexander Anderson and Ken Chua distributed shares of Oriens Travel and Hotel Management Corp. to three B.C. residents without filing a prospectus and for which no exemptions were available. Anderson and Chua raised proceeds of US $58,500.
BCSC panel finds that Nevada corporation and two B.C. residents illegally distributed securities and breached cease trade order
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