British Columbia Securities Commission secures sentencing for breach of director and officer ban, CAD 5,000 fine plus surcharge

The British Columbia Securities Commission said Marcel Anil Rada, a British Columbia resident, has been sentenced after pleading guilty to breaching a commission order by acting as a director and officer despite a permanent ban. North Vancouver Provincial Court imposed a CAD 5,000 fine and a 15 per cent victim fine surcharge of CAD 750, due August 31. Between 2017 and 2025, Rada acted as a director and or officer of a British Columbia numbered company and Goldfinger Investments Ltd. even though a British Columbia Securities Commission panel had permanently banned him in 2017 from serving as a director or officer of an issuer. The ban was based on a 2011 decision by the Investment Industry Regulatory Organization of Canada, which later became the Canadian Investment Regulatory Organization. In sentencing, the judge noted Rada's early guilty plea and said the public was not harmed because he was the sole shareholder of the two companies, which have since been dissolved. The charge followed a British Columbia Securities Commission investigation.