The British Columbia Securities Commission is the provincial regulatory agency that administers and enforces the Securities Act. The Commission regulates the issuance and trade of securities in British Columbia and is one of the 13 provincial and territorial agencies that compose the Canadian Securities Administrators. Unlike the United States, which has a powerful and centralized Securities Exchange Commission, individual provinces and territories regulate their own securities markets.
If you work as a financial advisor, are involved in the investment industry, or wish to raise capital in your new business by selling shares, you will most likely have to deal with the Commission. If you understand and abide by all the complexities of the law, then you are not likely to encounter significant difficulties. Problems arise, however, when financial advisors, securities issuers, and others run afoul of British Columbia’s complex securities regulations. Selling securities to unaccredited investors or engaging in insider trading, whether intentional or not, can result in heavy penalties. Proper legal advice and representation is essential when dealing with the Commission.
The Administrative Tribunal Advocates of Canada can help you in two ways. First, we can assist you with your securities issues from the beginning to avoid any problems with the Commission. This frequently involves us advising you on share sales and potential trades. Second, if you find yourself under investigation, we can deal with the Commission on your behalf and can represent you in court if necessary. Our lawyers are familiar with securities law as well as administrative law in general. We are compassionate and understand the stress involved in dealing with complex legal issues related to securities. If you would like assistance with your securities law problem, call the ATAC LAW Corporation today.
