The British Columbia Securities Commission announced a settlement with Jeremy Alexei Benne, a B.C. resident, for making false statements to investors through promotional activities, requiring him to pay CAD 55,000 and accept a permanent ban from participating in British Columbia’s investment market. Between 2020 and 2023, Benne raised about CAD 255,000 from 23 investors through agreements to trade derivatives and securities on their behalf, including claims he could deliver a 100% return within one to three years using a trading strategy learned from third-party platforms. The release states he used around CAD 75,000 for personal purposes and lost most of the remaining funds, while returning some money to investors. The CAD 55,000 payment, described as representing funds obtained from the misconduct, can be distributed to victims. The permanent ban includes prohibitions on acting as a director or officer of any issuer or registrant and on becoming a registrant, although he may continue trading through his own accounts via a registered dealer or registrant.
British Columbia Securities Commission 2025-01-08
British Columbia Securities Commission settles with B.C. resident over false promotional statements and imposes permanent market ban
The British Columbia Securities Commission settled with Jeremy Alexei Benne for making false statements to investors, requiring him to pay CAD 55,000 and accept a permanent ban from the province's investment market. Benne raised approximately CAD 255,000 from 23 investors between 2020 and 2023, misusing funds and failing to deliver promised returns. The settlement allows the CAD 55,000 payment to be distributed to victims and prohibits Benne from acting as a director or officer, though he may trade through his own accounts with a registered dealer.