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B.C. Securities Regulator Dismisses Fraud Allegations Against Jon Carnes

Darpan News Desk The Canadian Press, 15 May, 2015 11:03 AM
    VANCOUVER — British Columbia's securities regulator has dismissed fraud allegations against a hedge fund manager and financial blogger accused of making claims about Silvercorp Metals Inc. (TSX:SVM).
     
    Jon Richard Carnes, who ran the "Alfred Little" financial blog, was accused in December 2013 of anonymously publishing a negative report about Silvercorp aimed at driving down its share price and then profiting from a short position he held.
     
    In its statement of allegations, staff at the British Columbia Securities Commission alleged Carnes posted a report that contained numerous false statements and omitted to state certain information in relation to a mining expert's report about Silvercorp.
     
    However, in a decision issued Thursday, a BCSC panel dismissed the fraud allegations, saying none of the statements or omissions constitute a prohibited act for the purpose of fraud.
     
    Silvercorp is a mining company and reporting issuer with its head office in Vancouver. It has business operations in China, and its securities trade on the Toronto Stock Exchange and the New York Stock Exchange.

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    Alexander Lisi, Rob Ford's Former Driver Found Not Guilty Of All Drug Charges

    TORONTO — Former Toronto mayor Rob Ford's friend Alexander (Sandro) Lisi was found not guilty on drug-related charges Friday after a judge attacked the credibility of an undercover officer who was key to the case.

    Alexander Lisi, Rob Ford's Former Driver Found Not Guilty Of All Drug Charges

    No Prosecution For B.C. Hunting Accident That Claimed Life Of Washington Man

    No Prosecution For B.C. Hunting Accident That Claimed Life Of Washington Man
    HOUSTON, B.C. — Police in northern British Columbia say charges will not be laid over a hunting accident that claimed the life of a 59-year-old U.S. man.

    No Prosecution For B.C. Hunting Accident That Claimed Life Of Washington Man

    Paraglider, 60, Taken To Hospital After Plunging Down Victoria Cliff

    Paraglider, 60, Taken To Hospital After Plunging Down Victoria Cliff
    Victoria Fire Department Batallion Chief Bob Jones says the 60-year-old man was flying with a group when he was struck by a down draft at about 8 p.m.

    Paraglider, 60, Taken To Hospital After Plunging Down Victoria Cliff

    Canada Loses 19,700 Jobs In April, Unemployment Rate Sticks At 6.8%

    Canada Loses 19,700 Jobs In April, Unemployment Rate Sticks At 6.8%
    OTTAWA — The Canadian economy lost 19,700 net jobs last month as the headline number in the latest labour-market data came in lower than economists' expectations.

    Canada Loses 19,700 Jobs In April, Unemployment Rate Sticks At 6.8%

    Ontario Woman Accused Of Faking Rare Neurological Disease To Raise $100,000

    Ontario Woman Accused Of Faking Rare Neurological Disease To Raise $100,000
    Police say Cynthia Lynn Smith claimed to be suffering from Chronic Inflammatory Demyelinating Polyneuropathy and acted out many of its symptoms.

    Ontario Woman Accused Of Faking Rare Neurological Disease To Raise $100,000

    Rob Ford Says New Ontario Sex-ed Curriculum Makes Him 'Absolutely Sick'

    Rob Ford Says New Ontario Sex-ed Curriculum Makes Him 'Absolutely Sick'
    The controversial former mayor of Toronto made his comments in an interview with The Rebel, an outlet run by former Sun TV host Ezra Levant. But Ford appears to have some details of the curriculum wrong.

    Rob Ford Says New Ontario Sex-ed Curriculum Makes Him 'Absolutely Sick'