Two men from North Vancouver and Revelstoke who brokered unregistered sales of securities trough Hong Kong firms face sanctions from the B.C. Securities Commission
The B.C. Securities Commission says it has reached a settlement with North Vancouver resident Tajkarim Mohamed for using two Hong Kong companies to facilitate close to $12 million worth of unregistered stock transactions.
The commission said Mohamed settled with the BCSC before a hearing was scheduled to take place. Allegations against another individual and several entities in that case are pending. It has been alleged Ismail used Alberta-registered NH Transcendental Business Solutions Inc. and the federally-registered Green Stream Botanicals Corp. in his business partnership with Mohamed.
Mohamed's associate faces hearing delay On Thursday, the commission said a hearing panel had issued temporary trading orders against Ismail and his companies “because the hearing against them for allegations of unregistered trading has been adjourned.”
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