Smith is permanently banned, with limited exceptions, from trading in securities, purchasing securities or exchange contracts and from becoming or acting as a director or officer of any issuer or registrant. She is also permanently prohibited from becoming or acting as a registrant or promoter, from engaging in investor relations activities, and from acting in a management or consultative capacity in connection with the securities market.The panel also ordered the respondents to pay to the commission the $5.7 million obtained as a result of their misconduct. Furthermore, Eshun must pay an administrative penalty of $750,000, while Smith must pay an administrative penalty of $500,000. JV Raleigh has been permanently cease traded.
BCSC Panel Fines And Permanently Bans Two Directors Of B.C. Company For Selling Securities Without Being Registered
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