The British Columbia Securities Commission (BCSC) has imposed permanent bans on Hope Moira Donna Thomas and Johny Panyavong from British Columbia’s investment market after other authorities found misconduct in separate, unrelated matters. The orders require each to resign any director or officer roles they hold with an issuer or registrant and bar them from most participation in B.C.’s securities and derivatives markets. For Thomas, the BCSC order followed a Canadian Investment Regulatory Organization (CIRO) finding that, while registered as a dealing representative with CIBC Securities Inc., she misappropriated client funds, including 12 unauthorized redemptions from a tax-free savings account totaling CAD 59,000 and additional misuse involving an account held with the client’s spouse and credit obtained in the client’s name, for total misappropriation of approximately CAD 157,000. CIRO barred her from securities-related business and imposed a CAD 300,000 fine plus CAD 10,000 in costs. For Panyavong, the ban followed a guilty plea in British Columbia Provincial Court to theft and using forged documents relating to CAD 40,000 solicited in 2016 for a Surrey real estate development that never materialized; the investor recovered CAD 10,000, and the court ordered CAD 30,000 in restitution and imposed 18 months of probation. In both cases, the BCSC prohibited trading or purchasing securities or derivatives except in limited circumstances for their own accounts through a registered person after providing a copy of the order, and barred them from acting as a director or officer, registrant or promoter, advising in a management or consultative capacity, engaging in promotional activities, or relying on exemptions under the Securities Act.

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