A former investment dealer has admitted to unregistered trading in In a settlement agreement with the British Columbia Securities Commission (BCSC), the regulator announced on Friday
Thomas Geoffrey Bertram was registered as an investment dealer for approximately 40 years. He ceased to be registered on Jan. 31, 2017.
In the settlement agreement, Bertram admitted that between March 24, 2017 and May 31, 2017, when he was no longer registered, he assisted three issuers with raising approximately $3.1 million from six investors and received a total of $126,970.93 in finder’s fees from the issuers.
As a result, Bertram breached securities laws by trading in securities without being registered and without an available exemption from the registration requirement.
Bertram agreed to pay $176,970.93 to the BCSC, as part of the settlement, which represents the total finder’s fees he received and an “appropriate” $50,000 penalty in relation to his misconduct.