A hearing panel for Canada’s regulator of stockbrokers failed to adequately consider the public interest and erred in its evaluation of the alleged misconduct of two Ventum Financial Corp. registered representatives, according to an April 7 B.C. Securities Commission review panel decision.
In a rare move last November, the executive branch of the Canadian Investment Regulatory Organization filed a request for review with the BCSC after its own hearing panel found stockbrokers Teymur Englesby and Cale Nishimura did not fail in their gatekeeper obligations, as alleged.
The allegations largely concerned how Englesby and Nishimura facilitated penny stock transactions for West Vancouver resident Cameron Paddock and others — known as the
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