Monday, June 22, 2026
    ADVT 
    National

    Two Men Who Broke B.C. Securities' Laws Penalized, Face Trading Bans

    Darpan News Desk The Canadian Press, 12 Jan, 2016 11:47 AM
      VANCOUVER — Two men have been ordered to pay the British Columbia Securities Commission a total of $278,000 for breaking provincial trading rules.
       
      Alexander Downie was the founder and director of HRG Healthcare Resource Group Inc., and Daniel Mohan served as director and CEO.
       
      The company was developing a web-based, bedside medical records and entertainment system for hospital patients, but neither man was registered to sell securities in B.C.
       
      The commission says the company distributed millions of dollars in securities to investors and filed false reports to the independent agency.
       
      It says the men who raised $4.45 million from 123 people who lost all their money have now been banned from trading or buying securities for seven years.
       
      Mohan and Downie have been ordered to each pay $75,000 in penalties, but Mohan must also pay $103,530 in commission he received during the company's capital-raising efforts.
      Prev Next

      MORE National ARTICLES

      Canada To Beef Training Of Iraqi Forces, But Experts Ask: How Far Will It Go?

      Canada To Beef Training Of Iraqi Forces, But Experts Ask: How Far Will It Go?
      A former overseas commander says if Justin Trudeau's beefed-up training mission in Iraq is to succeed in a timely manner he'll have to consider allowing Canadian troops to accompany local forces on operations in limited circumstances. 

      Canada To Beef Training Of Iraqi Forces, But Experts Ask: How Far Will It Go?

      Extreme Weather Means Ferry Sailings Cancelled From Tsawwassen And Gulf Islands

      Extreme Weather Means Ferry Sailings Cancelled From Tsawwassen And Gulf Islands
      VANCOUVER — High winds have led BC Ferries to cancel sailings between Tsawwassen and the southern Gulf Islands.

      Extreme Weather Means Ferry Sailings Cancelled From Tsawwassen And Gulf Islands

      B.C. NDP Pledges Sweeping Energy Retrofits To Create Jobs, Save On Rate Hikes

      BURNABY, B.C. — Opposition New Democrat Leader John Horgan promises to give British Columbia a total energy retrofit if he's elected premier in 2017.

      B.C. NDP Pledges Sweeping Energy Retrofits To Create Jobs, Save On Rate Hikes

      #LEVELTHEFIELD: New Campaign Aims At Scoring Victory For Girls And Women In B.C. Sports

      #LEVELTHEFIELD: New Campaign Aims At Scoring Victory For Girls And Women In B.C. Sports
      ViaSport is taking aim at gender equity as it launches its #LEVELTHEFIELD campaign, encouraging broader participation in all sports in the province.

      #LEVELTHEFIELD: New Campaign Aims At Scoring Victory For Girls And Women In B.C. Sports

      Edmonton Youth Group Home At Centre Of Crime Controversy Closes Its Doors

      Edmonton Youth Group Home At Centre Of Crime Controversy Closes Its Doors
      The home, run by a charitable group known as E4C, made headlines in September when one of its residents, a 17-year-old girl, was charged with stabbing a man to death on a nearby street.

      Edmonton Youth Group Home At Centre Of Crime Controversy Closes Its Doors

      Toronto Police Say ‘No Doubt’ Attack On Muslim Woman ‘Hate-Motivated’

      Toronto Police Say ‘No Doubt’ Attack On Muslim Woman ‘Hate-Motivated’
      The attack came two days after a mosque in Peterborough, Ont., was set ablaze in the aftermath of last week's terrorist attacks in Paris that left 129 people dead.

      Toronto Police Say ‘No Doubt’ Attack On Muslim Woman ‘Hate-Motivated’

      PrevNext