Amendments to the Securities Act
To crack down on white collar crime, the B.C. government is increasing the fine collection and enforcement capabilities of the BC Securities Commission. These amendments give the BC Securities Commission new tools to act swiftly and decisively when criminals defraud people including the ability to freeze property, seize registered retirement plans and tell ICBC to refuse to renew a fraudster’s driver’s license if they do not pay their fines. The BC Securities Commission will now have the most aggressive powers of all the securities regulators in Canada to crack down on fraudsters.