Securities regulators in British Columbia have settled with a West Vancouver man over apparent disclosure failings in several regulatory filings by issuers where he is a director.
The B.C. Securities Commission (BCSC) reports that, in a settlement agreement, Farshad Shirvani admitted that 13 documents filed with the commission by three issuers (Doubleview Capital Corp., Casa Minerals Inc., and Next One Capital Corp.) were materially false in that the regulatory filings failed to disclose the fact Shirvani had been a director of International Ranger Corp. when it was cease traded by the BCSC.
The regulator reports that Shirvani has paid $15,000 to the commission to settle the matter. He has also been reprimanded and ordered to complete a course of study within one year concerning the duties and responsibilities of directors and officers. He is also prohibited from acting as a director, officer, or promoter of, or engaging in investor relations activities for, any issuer other than those companies (he is currently a director of Doubleview, and president, promoter and a director of the two other companies), until he successfully completes the course.