Core Gold DMMIF

RE:Answer from Minister Finance B.C.

[Spiritflyer]

Your response is almost verbatim from the responses I got from the BCSC, the RCMP, the AG, the Politicians and so on.  Seems in BC Canada no one is responsible for blatant fraud.  How dare the shareholders expect those sitting with their feet up on their desks, drinking their $8 lattes, to actually do any work.  After all, they want to be peer examples to the millenials coming up in the work force.  You know, the young people who think they should get paid, even thought they don't do any work.  Why because they are entitled, and that sense of entitlement means they should never be asked to actually do something.  Who says crime does not pay.  Just become a director of a company over seen by the crooked BCSC, and voila, you can commit any crime you like and here in BC, its legal, as long as you are a white collar director.

Nomorecrooks wrote:

Thank you for your email sent on January 13, 2020, regarding a hearing by the British Columbia Securities Commission (BCSC) relating to Core Gold. We appreciate you taking the time to share your input and suggestions relating to the regulation of securities in British Columbia.

 

As you are aware, the BCSC has been established as an independent, arm’s length tribunal that is tasked with the administration of the Securities Act and the regulation of the securities market in B.C. As such, the Ministry of Finance does not intervene in particular securities or corporate law-related disputes. Intervening in individual cases such as the one you describe would jeopardize the independence of the BCSC and its ability to perform its duties.

 

Another aspect of the model that ensures the BCSC’s independence is the fact that they are funded by fees levied on the market participants who they regulate. This ensures that the BCSC’s independence is not jeopardized by government interference, as the alternative funding model would be for the BCSC to receive direct government funds.

 

Government accountability measures imposed on the BCSC include a mandate letter, service plan, and service plan report. These measures can be found on the BCSC’s website at:

https://www.bcsc.bc.ca/About_Us/Who_We_Are/Funding_and_Accountability/. 

 

Thank you again for taking the time to write. We appreciate your input on how we can build a better B.C.

 

Sincerely,

 

Office of the Minister and Deputy Premier

 

 

 

 

 

 

Attachments area

 

 

 

Dear Mr. Nomorecrooks,

 

Thank you for your email sent on January 13, 2020, regarding a hearing by the British Columbia Securities Commission (BCSC) relating to Core Gold. We appreciate you taking the time to share your input and suggestions relating to the regulation of securities in British Columbia.

 

As you are aware, the BCSC has been established as an independent, arm’s length tribunal that is tasked with the administration of the Securities Act and the regulation of the securities market in B.C. As such, the Ministry of Finance does not intervene in particular securities or corporate law-related disputes. Intervening in individual cases such as the one you describe would jeopardize the independence of the BCSC and its ability to perform its duties.

 

Another aspect of the model that ensures the BCSC’s independence is the fact that they are funded by fees levied on the market participants who they regulate. This ensures that the BCSC’s independence is not jeopardized by government interference, as the alternative funding model would be for the BCSC to receive direct government funds.

 

Government accountability measures imposed on the BCSC include a mandate letter, service plan, and service plan report. These measures can be found on the BCSC’s website at:

https://www.bcsc.bc.ca/About_Us/Who_We_Are/Funding_and_Accountability/. 

 

Thank you again for taking the time to write. We appreciate your input on how we can build a better B.C.

 

Sincerely,

 

Office of the Minister and Deputy Premier

 

 

 

 

 

 

Attachments area