A 60-year-old man pleaded guilty in North Vancouver Provincial Court for breaching an order barring him from acting as an officer or director of a securities-issuing company, the B.C. Securities Commission announced Wednesday, May 6.
Marcel Anil Rada admitted in court April 24 he violated the BCSC order between 2017 and 2025.
Rada’s misconduct is considered a “quasi-criminal” offence under the B.C. Securities Act, not the Criminal Code of Canada, although it carries the possibility of fines, imprisonment, probation and/or restitution orders, noted the commission.
Rada’s sentencing is scheduled for July 15.
In 2011, Rada was sanctioned by the Investment Industry Regulatory Organization of Canada (IIROC) after soliciting $205,000
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