Exciting news is coming – starting in April you can find all BCSC news and updates under one handle @BCSCInvestRight

Canada’s provincial and territorial securities regulators have recognized the New Self-Regulatory Organization of Canada (New SRO) earlier this year. Explore New SRO Orders, Agreements, Reports: https://t.co/3d4XG2vtDu

Does the BCSC regulate crypto-currency? It depends on what is being traded, and how it’s being traded. Trading or advising in crypto-assets that are securities or derivatives is subject to the B.C. Securities Act. Learn more: https://t.co/nv73AscNYs

In addition to the financial sanctions on Bracetek, Sidhu was ordered to pay $950,000 in a settlement with the BCSC and was prohibited from some market activity for 7.5 years.

The investment was more than 50% of the woman's net worth. She sold her home to pay off the mortgage, is now renting, and fears she could never afford owning a home again.

She also wasn't told that most of her investment was used to pay Sidhu’s father, family and his father’s girlfriend, and that Bracetek wouldn't have sufficient funds left to accomplish its business objective. By 2017, only around $2,100 remained in Bracetek’s bank account.

Sidhu said her investment would triple in value when Bracetek went public. But the investor wasn't told the company had less than $100 in its bank account, had no revenue, and hadn't paid for the technologies used in its braces.

Geoffrey Ray Sidhu, the son of Bracetek's sole officer and director, persuaded a woman to mortgage her home and invest most of the proceeds in the company, which Sidhu said was in the business of manufacturing braces used in construction.

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Just in case you missed it, here’s a reminder about a very exciting change coming soon.👇To streamline our communications, we're merging our @BCSC_Info & @BCSCInvestRight Twitter accounts into one feed. Stay tuned for even more content in 2023!

We have a wide range of authority, including enforcement powers to disrupt, stop, and prevent unscrupulous market behaviour. Explore more about what the BCSC can and cannot do: https://t.co/A0xePe54xL

Check out the previous week's summary on securities regulation and enforcement actions in British Columbia. Our latest Weekly Report from the week ending on March 24 is now available: https://t.co/QEEsHNDlIp

The BCSC's online complaint form is a place where you can easily and securely file a complaint. If you have a complaint or concern about an individual or issuer in British Columbia, let us know. File a complaint: https://t.co/3d4CNGUZ74

Answer: The issuer will appear on our list of issuers in default. The issuer will also be required to pay filing fees, and the issuer will be subject to a potential Cease Trade Order without further notice. Learn more: https://t.co/Tiq7K6EHaa

What happens if an issuer does not file its financial statements on time?

Small businesses create jobs and make a significant contribution to B.C.’s economy. They need money to start, maintain, and grow their operations. Discover more about how BCSC can help you navigate capital raising regulation: https://t.co/iDsQWLmcMv

Stay in the know. We provide a weekly summary of securities regulation and enforcement actions in British Columbia. Read our Weekly Report from the week ending on March 17: https://t.co/qbhLEJcKBL

What is a reporting issuer? Answer: A reporting issuer is a company that has gone public by issuing securities under a prospectus or is otherwise listed on a recognized stock exchange. Reporting issuers are commonly referred to as “public companies.” 👉 https://t.co/1KqRPBb3lC

To subscribe to receive weekly updates on the first business day of each week, and to sign up for other securities regulation updates and news releases, you can visit our website 👉 https://t.co/rL1orWtljD

Andy Sze went from being a “Big Four” accountant in Hong Kong to a criminal investigator at the BC Securities Commission. Learn about his journey, and how he helps the BCSC fight investment market misconduct: https://t.co/5huPQxNQx6