A B.C. man who committed stock fraud in the U.S. via associates in Vancouver is challenging a B.C. Securities Commission application to permanently ban him from Canada’s capital markets.
Counsel for Amar Bahadoorsingh intends to make oral submissions Sept. 18 against a reciprocal order application by the commission’s director of enforcement Doug Muir to bar Bahadoorsingh from securities-related business for what Muir calls “deceitful and unscrupulous” misconduct as uncovered by American regulators.
Bahadoorsingh is already barred from participating in penny stock transactions in the United States after the U.S. Securities and Exchange Commission (SEC) recently obtained two default court judgments against Bahadoorsingh, whose place of residence is unclear.
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