Regulator issues orders against four companies and two individualsBy The IJ Staff | May 15 2020 03:54PM
The British Columbia Securities Commission (BCSC) announced May 14 that it has issued temporary orders against four companies and two individuals as it investigates possible violations of the registration and prospectus requirements of the Securities Act.
The temporary order includes a 15-day ban on the trading of securities of Talking Stick Media Incorporated, YourStick.com Media Inc., Rockin Bike Motorcycle Manufacturing Company Incorporated and Sturgis Canada Festival Incorporated.
The BCSC has also imposed a 15-day prohibition on Raymond Michael Roger Sasseville (also known as Michael Ray Carrier) including, trading in or purchasing securities (with limited exceptions) and becoming or acting as a director or officer of any reporting issuer or registrant, with exceptions; relying on any of the exemptions under the Securities Act; becoming or acting as a registrant or promoter, advising or acting in a management or consultative capacity in connection with activities in the securities market and engaging in investor relations activities.
Jonathon S. Reidar, along with the companies named above, are also prohibited from relying on any of the exemptions under the Act for 15 days.
In 2015, the BCSC found that Sasseville engaged in an illegal distribution and unregistered trading, and banned him from trading in or purchasing securities with limited exceptions, and from becoming or acting as a director or officer of any issuer except in limited circumstances, for at least five years. The orders remain in effect.