Abbotsford News, January 07, 2015

Page 1

WEDNESDAY

GOLDEN MOMENT

JANUARY 7, 2015

Abby’s Jake Virtanen celebrates a gold-medal victory in world junior tourney A5

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Ordered to pay $4.3M for false stock reports B.C. Securities Commission issues ruling against local man

Vikki HOPES Abbotsford News

An Abbotsford man has been ordered to pay almost $4.3 million to the B.C. Securities Commission (BCSC) and has been permanently banned from B.C.’s capital markets for making false stock reports. BCSC announced the decision Monday against

Colin Robert Hugh McCabe, 30, who previously published the monthly Elite Stock Report from his home in Abbotsford. The commission has ordered that McCabe resign from any position he holds as an officer or a director of an issuer or registrant. He is also permanently banned from those positions, as well as from trading in securities, purchasing securities or exchange contracts, en-

gaging in investor relations activities and acting in a management or consultative capacity in the securities market. McCabe’s fine is a combination of almost $2.8 million he obtained as a result of his misconduct and an administrative penalty of $1.5 million. McCabe’s submission at his BCSC hearing was that he pay an administrative penalty of Continued on A2

‘Our hearts are warmed’

SNOWBALL CLASSIC A16 L.A. powerhouse Fairfax returns for the 55th annual Abbotsford Sr. basketball tourney

WEATHER MAYHEM A3 Storm causes series of

Community rallies for five-year-old fighting rare bone cancer A3

traffic accidents and power outages throughout Abbotsford

TO THE RESCUE A7 United States border officials help to save Canadian man’s life

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Letters . . . . . . . . . . . . . . . . . . . . . . . A9

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Sports . . . . . . . . . . . . . . . . . . . . . .A16

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Classifieds. . . . . . . . . . . . . .A19

85¢ A bottle drive held Saturday at HOFA Art Supplies and Framing in Abbotsford raised funds for a couple whose Submitted five-year-old daughter, Greta Loewen (left), is battling bone cancer.

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Mark Nickel, BSc, BBA

College of Speech and Hearing Professionals of BC

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