Patricia McLean v. Executive Director of the British Columbia Securities Commission (March 21, 2013)
Case # 34593
On September 8, 2008, the appellant entered into a settlement agreement with the Ontario Securities Commission. The settlement agreement was pertained to allegations of acts contrary to the public interest between May 2000 and March 2001. In 2010, the executive director of the B.C. Securities Commission gave McLean notice of an application for an order in the public interest. Section 159 of the Securities Act states that an action can’t begin more than six years after the date of events. Due to Section 159 of the Securities Act, McLean challenged the application. The B.C. Securities Commission issued a public interest order placing restrictions on McLean.