British Columbia Securities Commission collects CAD 30,000 from Alan James Fetterly for unregistered syndicated mortgage brokering

The British Columbia Securities Commission announced that B.C. resident Alan James Fetterly paid CAD 30,000 after brokering syndicated mortgages without the securities registration required under British Columbia’s Securities Act. Fetterly, a registered sub-mortgage broker, brokered three syndicated mortgages between 2018 and 2024 and earned nearly CAD 50,000 in commissions. The BCSC found the activity triggered registration requirements, including by acting like a registrant and soliciting lenders, and that he was neither registered under the Securities Act nor eligible for an exemption. The release notes no evidence of investor harm, that prior legal advice failed to identify the securities law implications, and that Fetterly had no prior securities misconduct history; he admitted wrongdoing and fully cooperated with the investigation under BC Notice 15-701 on credit for cooperation.