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From: StockDung8/17/2016 10:24:36 PM
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Crooked founder of Anti naked short selling movement banned for life

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BCSC permanently bans Pierce

2016-08-16 18:59 ET - Street Wire



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by Mike Caswell

The B.C. Securities Commission has permanently banned Vancouver's Gordon Brent Pierce, 59, finding him to be a very grave risk to the markets. He has a significant regulatory history that includes lying to authorities and hiding his activities, the regulator says. There is no indication that three prior orders against him have had any deterrent effect, the BCSC has ruled.

The findings, contained in an order released on Tuesday, Aug. 16, permanently ban Mr. Pierce from trading. He is also permanently barred from acting as an officer or director of any company and must resign any such positions that he holds. The order further bans him from serving as a promoter and from engaging in investor relations activities. In addition, he must not act in a management or consultative capacity in connection with activities in the securities market.

The penalty is another setback for Mr. Pierce, who has been under regulatory scrutiny for some time. In the United States, he has attracted a pair of sanctions stemming from the promotion of an OTC Bulletin Board company, Lexington Resources Inc. He has also been the subject of a prior 15-year ban from the BCSC.
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