A Vancouver securities lawyer’s suspension has been extended from four months to six months, according to a recent decision from a Law Society of BC review board.
In October 2021, Samuel Theodore Gray Cole was found to have committed professional misconduct after he counselled a Vancouver stock promoter and principal of a public company to perform insider trading.
In May 2023, Cole unsuccessfully appealed the administrative penalty of a four-month suspension and $20,000 fine.
Thereafter the society’s executive appealed the hearing panel’s decision, arguing the penalty ought to be a six-month suspension.
On Jan. 2, a society review board sided with the society’s executive, issuing Cole a six-month suspension while
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