Sunday, 24 July 2016

RAISE $1.9 MILLION LEGALLY AND GET A $3 MILLION DOLLAR DISGORGEMENT 'FEE' - CONDUCT $100 MILLION DOLLARS IN ILLEGAL TRANSACTIONS AND PAY $25K FINE!

RAISE $1.9 MILLION LEGALLY AND GET A $3 MILLION DOLLAR DISGORGEMENT 'FEE' - CONDUCT $100 MILLION DOLLARS IN ILLEGAL TRANSACTIONS AND PAY $25K FINE!

RAISE $1.9 MILLION LEGALLY AS AN ENTREPRENEUR AND YOU COULD GET A $3 MILLION DOLLAR DISGORGEMENT 'FEE'AGAINST YOU.

CONDUCT $100 MILLION DOLLARS IN ILLEGAL TRANSACTIONS AS A CORPORATE INSIDER AND PAY A $25K FINE. 

THIS IS HOW YOUR SECURITES COMMISIONS "PROTECT" YOU FROM FRAUD.

                  We raised $1.9 Million dollars for our Spryu/U-Go Brands start-up, the BCSC alleges we
                  did so illegally and have issued a $3 Million Dollar disgorgement fee as a punishment,
                  regardless of the facts that prove otherwise.
                  
        A Mr. Peter Kellogg fails to file reports on 400 transactions with an approximate value
        of $100 Million dollars, pays $25,000 dollars to settle the allegations with the BC Securities Commission.
                 
                  How can the BC Securities Commission claim to act with integrity in a fair and
                  unbiased manner when clearly they have no interest in truth, justice or the integrity of the
                  market?  
   
                  The following letter from Mr. Peter Harris asks these questions and provides a link to the
                  source regarding Mr. Kelloggs $25K settlement for wrongdoing in $100 Million dollars
                  worth of transactions.
 
 

Saturday, July 23, 2016

Why did Commissioner Ms. Ho and Commissioner Ms. Downse
impose on the SPYru/U-GO Brands Directors a disgorgement 
fine of $3,000,000 for a value of approximately $1,983,000?

Saturday, July 23, 2016

British Columbia Securities Commission
AUDREY T. HO, BCSC Independent Commissioner
JUDITH DOWNES, BCSC Independent Commissioner
701 West Georgia Street
Vancouver, B.C. V7Y 1L2

Ms. Ho and Ms. Downse,

I am referring to the below press release dated June 16, 2015 where the Commission Executive Director settled with Mr. Kellogg and IAT for $25,000 in regards to Mr. Kellogg and IAT not reporting 400 transactions totaling a value of $100,000,000. The Kellogg/IAT case is very similar to the SPYru/U-GO Brands prosecution.  

On December 14, 2015, both of you ladies reported that SPYru Inc. and U-GO Brands collected a combined $1,983,000 in investor funds covering less than 400 transactions. Why are you imposing a combined $3,000,000 disgorgement penalty for our very small company? May we presume that disgorgement penalty is purely retaliatory in nature?

Both of you stated that I never showed any respect towards the Commission and that I did not understand the Securities Rules and Regulations. I may not be aware of the Securities Laws, nevertheless I know when I am being railroaded, such as you people have done to us…

I can appreciate the fact that we are not going to receive an honest explanation as to why the Commission would settle for $25,000 on an $110M infraction. Why are SPYru/U-GO Brands penalized $3M for a $1.9M infraction? The Commission is also aware that all of the U-GO Brands documentation is in good standing with the Commission, so why is the Commission still insisting that U-GO is in violation of Section 61?

Respectfully,
Peter Harris
Director
U-GO Brands

FAILED TO FILE 400 TRANSACTIONS REPORTS
TOTALING VALUE IN EXCESS OF $100 MILLION
 TO SETTLE THE ALLEGATIONS,
KELLOGG AND IAT AGREED TO PAY $25,000 TO THE BCSC


(By James Langton | June 16, 2015, 17:25)
 
 
Source http://bcsccriminalcharges.blogspot.ca/2016/07/why-did-commissioner-ms.html

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