Photo: Flickr/Bloomsberries
A British Columbia Securities Commission panel has found that Christine Cerisse lied to BCSC investigators.
The panel also dismissed several allegations against Cerisse and two other B.C. residents: Laurence Austin, and Thomas Sadler.
The three were under investigation for allegations they illegally distributed shares of a Nevada corporation, Solanex Management Inc., and took part in a scheme to manipulate Solanex’s share price.
The panel dismissed the illegal distribution allegations only because they happened more than six years ago. The market manipulation allegations were dismissed because there wasn’t enough evidence to connect the three to “potentially improper trading.”
The panel’s finding that Cerisse lied to investigators stemmed from an October 2013 interview, where they found she “made false or misleading statements” when answering three questions.
The panel directed Cerisse and the Executive Director to make submissions on sanctions according to the schedule set out in the findings.
More on the hearing can be found at the commission’s website.
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