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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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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