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Microcap & Penny Stocks : TGL WHAAAAAAAT! Alerts, thoughts, discussion.

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To: Jim Bishop who wrote (3789)7/15/1999 9:14:00 AM
From: Mr Metals  Read Replies (1) of 150070
 
GO VSE GO.....LOLHARD....

B.C. Securities Commission -
Post says arrested VSE brokers face BCSC hearing
B.C. Securities Commission BCSEC
Shares issued 0 1899-12-30 close $0
Thursday Jul 15 1999
See National Bank of Canada (NA) In the News

The Financial Post reports in a lead business story in its Thursday edition that the British Columbia Securities Commission has launched an action against two Vancouver brokers recently arrested by United States officials on securities fraud charges. Reporter Drew Hasselback says that citing the U.S. arrest warrant, the commission alleges that Michael Kevin Patterson and Dirk Alan Rachfall, two brokers employed by Pacific International Securities, may have been involved in stock price manipulation, fraud and an illegal "kiting" scheme. A hearing in Vancouver is scheduled for July 22, but commission lawyers say they will ask for an adjournment to allow staff to gather more information on the allegations. As a general rule, the commission usually takes action against all persons registered within B.C. who are charged with crimes, according to Sasha Angus, the commission's director of enforcement. P.I. has not been charged under the U.S. investigation, and the BCSC notice of hearing takes no action against the brokerage.

(c) Copyright 1999 Canjex Publishing Ltd. canada-stockwatch.com

MM

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