20 Law
Daily business news at www.biv.com June 28–July 4, 2011
Trouble
DISCIPLINE •Investment
Industry Regulatory Organization of Canada
An Investment Industry Regulatory Organization of Canada (IIROC) hearing panel has imposed a $10,000 fine against Bryan Dale Claggett, the regulator announced June 13. The penalty decision follows the panel’s earlier decision, dated April 4, 2011, which found that Claggett violated an IIROC rule when, without his firm’s knowledge, he attempted to settle a client complaint by paying the client money. In that decision, the panel also dismissed a second charge, which alleged that Claggett had conducted discretionary trades in client accounts without the written authorization of the respective clients. Specifically, the panel found Claggett engaged in conduct unbecoming and detrimental to the public interest when he paid $14,000 to a client to resolve that client’s complaint, without the prior knowledge or consent of his firm. The violation occurred on or about February 9, 2006, while Claggett was a registered representative at the Vancouver branch of
BMO Nesbitt Burns, an IIROC-regulated firm. IIROC began its investigation into Claggett’s conduct in May 2008, after receiving a client complaint. Claggett is currently a registered representative at the Vancouver office of Canaccord Genuity Corp., an IIROCregulated firm.
BUYER’S ALERT Companies listed below,
which are not members of the Better Business Bureau, have failed to respond, as of June 17, 2011, to Better Business Bureau of Mainland B.C.’s efforts to mediate complaints from June 6 to June 10, 2010. In some instances, the company may have taken care of the complaint and considered the matter closed, or may believe the complaint is unjustified; however, if the BBB has not received a response, records cannot reveal either position. Please note that BBB members must respond to customer complaints that are brought to their attention. Source: BBB. 604-Rubbish, Burnaby Aeroplan Centre, Vancouver Call Select Inc., Vancouver Chieftan Hotel, Squamish City Auto Repair,
Kelowna Comfort World, Surrey Consumers Reward Solutions, Vancouver Dollar Thrifty Automotive Group Canada Inc., Richmond Dutch Masters Painting & Property Maintenance, Port Coquitlam Healthtek Enterprises Inc., Coquitlam Imperial Parking Canada Corp., Vancouver James Haworth & Son Ltd., Kelowna Johnnys Pizza Factory, Vancouver Kingsway Honda, Vancouver Kits Boat Sales Ltd., Vancouver Kondolas Furniture & Appliances Williams Lake, Williams Lake Little Shop of Beauty, North Vancouver Modus Enterprises Ltd., Vancouver Mr. Rent a Car, Vancouver Nomorerack Retail Group, Vancouver Nor Pac Marketing, New Westminster Okanagan Hosting, Kelowna Pink Lotus Florist, Surrey Shaw Cablesystems GP, Vancouver She’s Fit!, Abbotsford The Bright Furniture Solutions & Mattresses, Surrey Toms & Merritt Towing Ltd., Merritt Top Quality Home Service, Burnaby
Ultimate Limousine, Richmond The following companies have responded to the BBB subsequent to being published: Popeye’s Moving and Delivery Ltd., Vancouver
Who’s Getting Sued These corporate writs were
filed with the B.C. Supreme Court registry in Vancouver. Information is derived from notices of civil claim. Civil claims have yet to be proven in court. Defendants: Great Eagle Resources Ltd. and Jason Robert Jacob and NRS Enterprises Ltd. and Community Futures Development Corp. of S.E. Region of B.C. and La Concha Minerals Inc. 523 10th St., Cranbrook, B.C. and 7th floor, 1175 Douglas St., Victoria and 12011 Third Ave., Richmond and 110A Slater Rd., Cranbrook and 300–576 Seymour St., Vancouver Plaintiff: 5240 Investments Ltd. 550–2900 Burrard St., Vancouver Claim: $356,065 for a loan and related mineral claims; a declaration the general security agreement is valid, charging all of the personal property of
Great Eagle in priority to the interests of the defendants related to a loan and mineral claims; a declaration that Great Eagle and Jacob fraudulently conveyed the Wild Horse Claims and that the claims be transferred to the receiver or purchaser; and an injunction. Defendant: Gregory Motha 8188 149th St., Surrey Plaintiff: RCG Forex Service Corp. 800–5951 No. 3 Rd., Richmond Claim: $231,526 and US$79,151 for profits made on trading activity contrary to an employment contract. Defendants: JWS Concrete Ltd. and Jacob Wollmann 301–2031 McCallum Rd., Abbotsford and 3680 McKinley Dr., Abbotsford Plaintiff: The Bank of Nova Scotia 2900–550 Burrard St., Vancouver Claim: $155,592 against JWS for debt; $149,911 against Wollmann as guarantor of the debt. Defendants: Westrim Projects Ltd. and Dominic Durosier and Anita Durosier 300–410 Carleton Ave., Burnaby and 2614 E. 5th
Ave., Vancouver Plaintiff: Royal Bank of Canada 650 W. 41st Ave., 3rd floor, Vancouver Claim: $153,333 for a credit agreement. Defendant: Harry ChangJoa aka Harry Joa aka Harry Chang 6–9133 Hemlock Dr., Richmond Plaintiff: Mandalay Corp. dba Mandalay Bay Resort and Casino 1600–1095 W. Pender St., Vancouver Claim: $106,349 for failure to pay a Nevada judgment. Defendants: Chet Construction Ltd. and Brent Burdeyny and City of Surrey 2150 Mirus Dr., Abbotsford and 14245 56th Ave., Surrey Plaintiff: Raj Duhra Trucking Ltd. 16548 Bell Rd., Surrey Claim: A declaration for a $100,234 builder’s lien related to trucking services. Defendants: Silvia Rivas and Canadian Real Estate Investment Group and Canreig and Canreig BC and Canreig Building Development Ltd. and 0822335 B.C. Ltd. and Dave Ravindra 595 Burrard St., Vancouver and 200– 385 Traders Blvd. E.,
BUS NESS LEADERS TOURNAMENT
Registration now open! J
oin us on August 23 for the inaugural Business Leaders Golf Tournament presented by Business in Vancouver and Association for Corporate Growth (ACG) Vancouver Chapter. This full day event includes golf, networking reception and dinner. Don’t miss your opportunity to play golf with senior executives, deal-makers and professionals involved in corporate growth, development, and mergers and acquisitions.
When: August 23, 2011
Where: University Golf Club – 5185 University Blvd. Price: $175 for BIV subscribers, ACG and TMA members $200 for non-subscribers/members
Visit www.biv.com/events to register Presented by
sPonsored by ®
Vancouver’s deal making and corporate growth community
AssociAtion sPonsor