Since 2009, two of Nelson's companies have entered bankruptcy proceedings. Nelson is also the subject of civil proceedings brought by the Washington State Department of Financial Institutions and the U.S. Securities and Exchange Commission. Additionally, she is awaiting trial in federal criminal court in Spokane, Washington, currently scheduled to be held in June 2013, on 71 counts of wire fraud, 22 counts of mail fraud, and 17 counts of international money laundering.
These allegations have not been proven. Counsel for the executive director will apply to set dates for a hearing into the allegations before a panel of commissioners on February 19, 2013 at 9:00am.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. You may view the notice of hearing on our website www.bcsc.bc.ca by typing Doris Elizabeth Nelson, Little Loan Shoppe or 2013 BCSECCOM 8 in the search box. Information regarding disciplinary proceedings can be found in the Enforcement section of the BCSC website.
Please visit the Canadian Securities Administrators' Disciplined Persons List for information relating to persons disciplined by provincial securities regulators, the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association (MFDA).For media inquiries, contact Richard Gilhooley, media relations, 604-899-6713. For public inquiries, call 604-899-6854 or 1-800-373-6393 (toll free). Learn how to protect yourself and become a more informed investor at www.investright.org SOURCE British Columbia Securities Commission