A Richmond man was found guilty in court and fined $4,001 for trading in securities without being registered and without filing a prospectus.
Richard Yung Shyang Chen was found guilty in Vancouver Provincial Court on July 4, 2025, after a BC Securities Commission (BCSC) investigation related to a real estate investment opportunity whereby two people invested $350,000 in a Vancouver property.
Chen, who is a registered mutual fund dealing representative, promoted and facilitated two investment contract trades that were "outside the scope of his registration."
He was also working as a bookkeeper for the organization offering the investments.
Furthermore, neither Chen nor the other entities involved filed a prospectus, a formal document that gives investment details, as required by law.
Chen was found guilty on two counts, and was fined $4,000 for "unlawfully trade in a security/trade contract," according to Court Services Online, and $1 for not filing a prospectus.
The Vancouver property in question was on Osler Street in Marpole.
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