A British Columbia Securities Commission panel issued a permanent market-participation ban against Amar Bahadoorsingh, citing U.S. federal court judgments in Securities and Exchange Commission actions. The order bars him from B.C.’s securities and derivatives markets and requires him to resign any positions he holds as a director or officer of an issuer or registrant. In U.S. cases decided in 2022 and 2023, a federal court in Boston found Bahadoorsingh liable for fraud, misrepresentation, offering unregistered securities and failing to disclose ownership of more than five per cent of a class of certain securities, with default judgments entered after he did not participate. Those judgments included payment orders totalling $1.4 million and U.S. market prohibitions, and the BCSC panel granted staff’s application despite Bahadoorsingh’s opposition and imposed broad B.C. restrictions including prohibitions on trading or purchasing securities or derivatives (with limited exceptions for registered or locked-in retirement accounts), acting as a director or officer, registrant, promoter, adviser or in a management or consultative capacity, engaging in promotional activities, and relying on exemptions under the Securities Act.
British Columbia Securities Commission 2025-02-25
British Columbia Securities Commission permanently bans Amar Bahadoorsingh from B.C. investment market following U.S. court judgments
The British Columbia Securities Commission has permanently banned Amar Bahadoorsingh from B.C.'s securities and derivatives markets, following U.S. federal court judgments for fraud. The order requires him to resign from director or officer positions and imposes broad restrictions, including prohibitions on trading, management roles, and promotional activities. These actions align with U.S. judgments that included $1.4 million in payment orders and market prohibitions.