B.C. Securities Commission issues order after warning man [Video]

B.C.’s financial markets regulator has issued a temporary order against a B.C. company and a man connected to it, arguing that waiting for a hearing before imposing restrictions on them would be “prejudicial to the public interest.”

The executive director of the B.C. Securities Commission issued the temporary order on Monday, and it was posted online Wednesday. 

The order applies to Baynsworth and Lloyd Holdings Inc. and James Michael Burnett, who “may be making representations prohibited by B.C.’s Securities Act and violating the registration and prospectus requirements of the Act,” the BCSC said in a news release.

“BCSC staff have repeatedly asked Baynsworth and Burnett to stop this activity.”

The order does not elaborate on the content of the representations Burnett and the company have allegedly made, but it does indicate that BCSC staff issued a warning to them as long ago as 2022.

Under the temporary order, Baynsworth and Burnett are prohibited …