An unregistered BC advisor just traded 11 years of market access for a settlement
The order also bars him from trading securities or derivatives, except in accounts in his own name through a registered representative who has first received a copy of the order.
The deal closed a case that had run since December 18, 2022, when the executive director issued a notice of hearing against Lamarche.
As part of the settlement, he withdrew his applications in the proceeding, including constitutional challenges, and discontinued a related civil action against the BCSC.
The commission called that resolution a significant mitigating factor, saying it ended substantial litigation and avoided the cost, delay and uncertainty of a contested hearing.
The dispute had turned partly on the regulator’s investigative methods.
