By The Book: Wirth Associates fined $3,500 by BCSC

(August 14, 2008) It seems as though most investment firms would know not to conduct transactions without being registered, but apparently not everyone’s received the memo.

Ontario-based Wirth Associates was fined $3,500 by the British Columbia Securities Commission for doing business in B.C. without registering under that province’s Securities Act.

The offence took place between December 2007 and April 29, 2008. According to the BCSC, the firm knew that it was supposed to register in the province, but it still failed to do so.

In addition to the fine, Wirth Associates must pay $1,750 for registration fees that it would have owed if it had been registered.

(08/14/08)

Staff

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