VANCOUVER, June 20, 2012 /CNW/ - The British Columbia Securities Commission's Criminal Investigations Team and the Abbotsford Police Department have arrested an Abbotsford man and charged him with 10 counts under the Securities Act. The charges relate to selling securities without being registered, making misrepresentations, breaching an existing trading ban and selling securities without a prospectus.
On June 18, Gregory Carrington was arrested by the BCSC's Criminal Investigations Team without incident at his home in Abbotsford. The BCSC was assisted by detectives from the Abbotsford Police, who were on hand at the arrest.
The charges against Carrington have not been proven.
The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province.
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