The British Columbia Securities Commission (BCSC) announced that a Vancouver resident, Yazan Al Homsi, has been charged with two offences under British Columbia’s Securities Act following a BCSC investigation. The BCSC alleges that in 2019 Al Homsi withdrew funds from a bank account subject to a BCSC freeze order, now referred to as a preservation order, which prevents transferring property so it can be available to pay any financial sanctions imposed by a BCSC panel. He is charged with one count of failing to comply with a decision made under the Act and one count of making a false or misleading statement or omitting facts necessary to make a statement not false or misleading; the charges have not been proven. Al Homsi had his first appearance on 22 May in Vancouver Provincial Court, and the matter resulted from an investigation by the BCSC’s Criminal Investigations Branch.
British Columbia Securities Commission 2025-05-23
British Columbia Securities Commission charges Vancouver resident with breaching a freeze order and making misleading statements
The British Columbia Securities Commission (BCSC) has charged Yazan Al Homsi with two offences under the Securities Act following an investigation. Al Homsi allegedly withdrew funds from a bank account under a BCSC preservation order and is charged with failing to comply with a decision and making false or misleading statements. The charges, which have not been proven, were addressed in Vancouver Provincial Court on 22 May.