BCSC Panel Dismisses Allegations Against Former President and CEO of B.C. Corporation

(firmenpresse) - VANCOUVER, BRITISH COLUMBIA -- (Marketwire) -- 01/23/13 -- A British Columbia Securities Commission panel has dismissed allegations that the former President and Chief Executive Officer of a B.C. corporation listed on the TSX-Venture Exchange engaged in market manipulation.

In a notice of hearing issued on February 28, 2012, BCSC staff alleged that Damien Edward Reynolds entered two orders in March 2010 to sell shares in Coltstar Ventures Inc, and in doing so created an artificially low price in Coltstar's shares. Reynolds was President and CEO of Coltstar from March 2010 to January 2012, prior to which time he served on the board of directors.

In its decision, the panel dismissed the allegations, stating that "the evidence did not establish that either of Reynold's... trades resulted in, or contributed to, an artificial price for Coltstar shares."

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the decision on our website, , by typing Damien Edward Reynolds or 2013 BCSECCOM 15 in the search box. Information regarding disciplinary proceedings can be found in the of the BCSC website.

For media inquiries, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604 899 6854 or 1 800 373 6393 (toll free).

Learn how to protect yourself and become a more informed investor at



Contacts:
British Columbia Securities Commission
Richard Gilhooley
Media Relations
604-899-6713 or (Canada) 1-800-373-6393

Weitere Infos zu dieser Pressemeldung:

Themen in dieser Pressemitteilung:


Unternehmensinformation / Kurzprofil:
Bereitgestellt von Benutzer: MARKETWIRE
Datum: 23.01.2013 - 22:37 Uhr
Sprache: Deutsch
News-ID 222456
Anzahl Zeichen: 0

contact information:
Town:

VANCOUVER, BRITISH COLUMBIA

Kategorie:

Associations

Diese Pressemitteilung wurde bisher 339 mal aufgerufen.


Die Pressemitteilung mit dem Titel:
"BCSC Panel Dismisses Allegations Against Former President and CEO of B.C. Corporation"
steht unter der journalistisch-redaktionellen Verantwortung von

British Columbia Securities Commission (Nachricht senden)

Beachten Sie bitte die weiteren Informationen zum Haftungsauschluß (gemäß TMG - TeleMedianGesetz) und dem Datenschutz (gemäß der DSGVO).

Vancouver man arrested for multiple Criminal Code and Securities Act offences ...

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/23/17 -- Ayaz Dhanani (a.k.a. Alex Dhanani, Azim Virani, Michael Lee, Alex Nebris, Paul Dhanani, Samuel Ramos and Rahim Jiwa), 37, of Vancouver, B.C., was arrested on October 2, 2017, following an ...

BCSC panel issues reciprocal orders against two individuals ...

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/10/17 -- A British Columbia Securities Commission (BCSC) panel has reciprocated enforcement orders against two individuals sanctioned by the Investment Industry Regulatory Organization of Canada and ...

Significant improvements in investor knowledge following new fee disclosure docu ...

VANCOUVER, BRITISH COLUMBIA -- (Marketwired) -- 10/02/17 -- A study commissioned by the British Columbia Securities Commission (BCSC) shows that new fee disclosure reports have produced a positive overall effect on investor knowledge and behaviour. ...

Alle Meldungen von British Columbia Securities Commission