National

Didn't pay fine? You could lose driving privilege

Darpan News Desk The Canadian Press, 31 Mar, 2021 07:38 PM

The B.C. Securities Commission says anyone who hasn't paid fines related to investment misconduct is at risk of losing their vehicle insurance, renewal of a driver's licence or plates.

It says in a release that Canada's first such law was passed in B.C. in 2019 and has now come into effect, giving the commission powers to block driving privileges if the amount owed is $3,000 or more.

Driving privileges at risk for those who don’t pay BCSC penalties: https://t.co/rRyQlUhTe2 pic.twitter.com/PSe6GOTK3Q
— BC Securities Commission (@BCSC_Info) March 31, 2021

Commission CEO Brenda Leong says the consequences would impact daily life for people whose actions harm investors and capital markets.

Financial sanctions can be ordered by a commission panel or a court when either has determined an individual violated the Securities Act.

The commission says individuals could also be ordered to pay the amount they obtained through the misconduct, which would then be paid to investors who suffered financial losses.

It says all monetary sanctions are registered with the Supreme Court of British Columbia, giving it the same force as if it issued a judgment.

Prev Next

MORE National ARTICLES

Expert says origins of pandemic could be known in few years

In a press briefing organized by the think-tank Chatham House in London, Peter Daszak estimated that collective scientific research might be able to pin down how animals carrying COVID-19 infected the first people in Wuhan identified last December.

Expert says origins of pandemic could be known in few years

RCMP investigating explosions in Penticton, B.C.

Const. James Grandy says in a statement that the RCMP Explosive Disposal Unit will help investigate two confirmed explosions and other potential blasts. Grandy says police are investigating explosions on March 7 at a local soccer field and on March 8 on the grounds of Carmi Elementary School.

RCMP investigating explosions in Penticton, B.C.

BC hits second highest COVID19 case count

Of the active cases, 255 individuals are currently hospitalized with COVID-19, 67 of whom are in intensive care. The remaining people with COVID-19 are recovering at home in self-isolation.

BC hits second highest COVID19 case count

No injuries after vandals loosen nuts on car tires

Const. Gary O'Brien says the teen alerted his friends and may have averted a similar incident because a 17-year-old whose pickup was parked in the same lot received the message and before driving off, he found the lug nuts on a rear tire had also been loosened.

No injuries after vandals loosen nuts on car tires

Committee told of Chinese interference in vaccine

The partnership was originally planned to be between China's CanSino Biologics and the Canadian Centre for Vaccinology at Dalhousie University in Nova Scotia. CanSino had been given a licence by the National Research Council to use a Canadian biological product as part of a COVID-19 vaccine.

Committee told of Chinese interference in vaccine

Man pleads guilty to child pornography related charges: VPD

Ryan Jones plead guilty to possession of child pornography and making child pornography available. Vancouver Police Internet Child Exploitation (ICE) investigators located over 2,300 images and 55 videos of child pornography. The ages of the victims in the material ranged from three (3) to 10 years old.