The British Columbia Securities Commission reported that Marcel Anil Rada has been charged with two counts of breaching a BCSC order after allegedly acting as a director or officer of an issuer despite being permanently banned from doing so. Rada, 59, is scheduled to make his first appearance on July 16 in North Vancouver Provincial Court. The commission alleges the conduct occurred between 2017 and 2025, following a 2017 BCSC panel decision permanently prohibiting him from becoming or acting as a director or officer of any issuer, based on a 2011 decision by the Investment Industry Regulatory Organization of Canada. The charges have not been proven and are described as a quasi-criminal offence under British Columbia’s Securities Act, carrying the possibility of fines, imprisonment, probation and/or restitution orders.
British Columbia Securities Commission 2025-06-18
British Columbia Securities Commission charges B.C. man with breaching permanent director and officer ban
The British Columbia Securities Commission charged Marcel Anil Rada with breaching a BCSC order by allegedly acting as a director or officer despite a permanent ban. The alleged conduct spans from 2017 to 2025, following a 2017 prohibition based on a 2011 decision by the Investment Industry Regulatory Organization of Canada. The charges, a quasi-criminal offence under British Columbia’s Securities Act, could result in fines, imprisonment, probation, and/or restitution orders.