Brigeeta Richdale has been quoted in the article “BCSC Set to Get New Tools to Target Fraud,” as part of the Business Focus section of Business in Vancouver.
Writes Glen Korstrom: “A new law is working its way through the B.C. legislature that would revise the Securities Act to provide the British Columbia Securities Commission (BCSC) with new powers to collect fines and to demand documents to help investigate investor fraud…. The prospect of an aggressive BCSC going after assets, however, worries lawyers.”
“The commission already has a broad scope of powers. Now, to be able to go after third parties’ accounts, or RRSPs, it has an impact not just for our clients, but for family members. That’s pretty significant,” says Brigeeta.
She adds: “It’s a new landscape, that’s really the message.”