Wilson: Wright Wilson and Securities

wilson: Patrick K. Prinster and David Scott Wright were each ordered to pay 250,000 and Donald Bruce Edward Wilson was ordered to pay 150,000 for diverting investors' funds from mortgages secured by real estate, which was the purpose described in marketing materials, according to The Independent. The panel also permanently banned Prinster, Wright and Wilson from the following activities Trading in or purchasing securities or exchange contracts Using exemptions set out in the Securities Act Becoming or acting as a registrant or promoter Acting in a management or consultative capacity in the securities market Engaging in investor relations The panel noted that Prinster, Wright and Wilson diverted the funds and carried out their misconduct despite warnings and concerns expressed to them from multiple sources. Search first keyup' ; ; listener ; ;No matching results for ''Tip Try a valid symbol or a specific company name for relevant results Cancel Sign in Mailif window.performance window.performance.mark && && Finance Techif window.performance window.performance.mark && && U.S. Markets closedS&P window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && panel imposes lifetime bans and 1.7 million in financial sanctions for fraudif window.performance window.performance.mark && && Group September 20, 2019if window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && window.performance window.performance.mark && && Sept. 20, 2019 /CNW/ - The British Columbia Securities Commission imposed a total of 1.7 million of financial sanctions on three B .C. men and two mortgage investment companies after finding that they committed fraud. The panel imposed financial sanctions of 561,479 on Dominion Grand II Mortgage Investment Corporation, and 500,961 on Dominion Grand Investment Fund Inc. About the British Columbia Securities Commission www.bcsc.bc.ca The British Columbia Securities Commission is the independent provincial government agency responsible for regulating capital markets in British Columbia through the administration of the Securities Act. Almost all of the 1.1 million raised from investors was lost, though the panel did not find evidence that Prinster, Wright or Wilson had been personally enriched by the diversion of investments. (news.financializer.com). As reported in the news.