The British Columbia Securities Commission (BCSC) announced that Richmond resident Richard Yung Shyang Chen was convicted and fined CAD 4,001 for trading in securities without being registered and trading without filing a prospectus. The BCSC’s investigation found that Chen, a registered mutual fund dealing representative, promoted and facilitated two trades in investment contracts outside the scope of his registration while also working as a bookkeeper for the organization offering the investments. The trades involved two investors who put CAD 350,000 into a purported real estate investment opportunity tied to a property on Osler Street in Vancouver’s Marpole neighbourhood, and neither Chen nor the other entities involved had filed a prospectus with the BCSC.
British Columbia Securities Commission 2025-07-23
British Columbia Securities Commission reports conviction and fine for unregistered trading and prospectus breaches
The British Columbia Securities Commission (BCSC) fined Richard Yung Shyang Chen CAD 4,001 for unregistered securities trading and failing to file a prospectus. Chen, a registered mutual fund dealing representative, facilitated two investment contract trades outside his registration, involving CAD 350,000 in a real estate opportunity without a filed prospectus.