Richmond man in securities charges trial worried about investment club scam

A Richmond man is now on trial facing two charges for alleged trading misconduct dating back to 2017.

Richard Yung Shyang Chen is accused of violating “quasi-criminal” provisions of the B.C. Securities Act​​​​​​, according to a BC Securities Commission (BCSC) media release on March 21, 2024.

Chen, 37, was charged with one count of alleged unlawful trading in a security and one count of allegedly distributing securities without a prospectus.

The alleged conduct took place in Burnaby in 2017 and 2018 and charges were laid following an investigation by BCSC’s criminal investigations branch.

Chen was arraigned on the charges last September. He is now on trial before Vancouver Provincial Court Judge Ellen Gordon.

→ Continue reading at BIV

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