B.C. man arrested for alleged illegal securities sales

The British Columbia Securities Commission’s criminal investigations team and the Abbotsford Police Department have arrested Gregory Carrington and charged him with 10 counts under the Securities Act.

The charges relate to selling securities without being registered, making misrepresentations, breaching an existing trading ban and selling securities without a prospectus.

The charges against Carrington have not been proven, but in 2011, he agreed to a 20-year trading ban after being involved in four related companies that made illegal distributions to investors in Canada and the United States.

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.

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