The British Columbia Securities Commission’s Executive Director ordered a British Columbia resident, David Charles Greenway, to pay a CAD 22,500 administrative penalty for failing to disclose his past misconduct in corporate disclosure documents. Greenway served as a director, and in some cases CEO or president, of five reporting issuers between 2018 and the present. The Executive Director found he violated national continuous disclosure rules by authorizing, permitting, or acquiescing in Majuba Hill Copper Corp., Recharge Resources Ltd. and Ultra Brands Ltd. omitting his 2012 BCSC disciplinary history from seven information circulars used for annual general shareholders’ meetings. The penalty was reduced from CAD 25,000 to CAD 22,500 after Greenway exercised his opportunity to be heard.
British Columbia Securities Commission 2025-06-20
British Columbia Securities Commission imposes CAD 22,500 penalty on director for failing to disclose past misconduct in reporting issuers’ information circulars
The British Columbia Securities Commission ordered David Charles Greenway to pay a CAD 22,500 penalty for failing to disclose past misconduct in corporate documents. Greenway, a director and sometimes CEO or president of five issuers, violated disclosure rules by omitting his 2012 disciplinary history from information circulars. The penalty was reduced from CAD 25,000 after Greenway's hearing.