In a settlement agreement with the British Columbia Securities Commission (BCSC), Gordon Eberwein has admitted that he engaged in “wash trades” that created a misleading appearance of trading activity in a company traded on the TSX Venture Exchange (TSX-V). A wash trade occurs when an investor acts as both the buyer and the seller of a security at the same time.
Eberwein, a resident of Vancouver, B.C., is a shareholder of a company named Ackroo Inc. Ackroo’s shares are traded on the TSX-V.
The Province – March 21, 2016.
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