The B.C. Securities Commission is seeking to ban a Vancouver-area woman from the province’s markets after she helped orchestrate a massive U.S. stock fraud scheme between 2010 and 2019.
Commission director of enforcement Doug Muir applied Feb. 5 for a sweeping ban from market activity against Xhiying Yvonne Gasarch, who had until April 20 to respond to the application. A hearing date has yet to be scheduled.
In September 2023, a jury found Gasarch liable for fraud via a civil complaint brought by the U.S. Securities and Exchange Commission (SEC) to a Massachusetts federal court in August 2021.
In June 2024 a judge ordered Gasarch to pay back more
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