B.C. Securities Commission alleges unregistered trading by Salmon Arm investment advisor
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SALMON ARM, B.C. — The B.C. Securities Commission (BCSC) has scheduled a hearing in the case of a Salmon Arm investment advisor accused of trading securities while unregistered.
In a news release, the BCSC says Jeffrey Dean Mushaluk collected $645,750 in commissions between 2014 and 2017. During that time, he allegedly traded securities and advised clients “with a corporation that offered investment funds.” Mushaluk worked with 96 investors, collecting information from them and hosting seminars to introduce potential investors to his corporation. The BCSC notes Mushaluk he “made investment recommendations or gave instructions for portfolio allocations for 61 of the investors.”
The BCSC says the corporation collapsed in April, 2017.
Mushaluk was registered to sell mutual funds during part of the time in question, but the BCSC says he was not registered to trade or advise for his corporation.
