BC Securities Commission (BCSC)The policy of SEC is not to confirm or deny any investigations. There were no market rumors on the Internet forums that BCSC is starting an action now other than the Class Action lawyers requested such. We haven't seen any official memorandum from BCSC other than Reco posting a news release.
BCSC is a complete joke as a watch dog. It is like the bank robbers, stuffed with loot, being escorted out by the cops. Vancouver didn't earn its title as the "Scam Capital of the World" for nothing. There are plenty of fish to hook with the US investors keep coming back for more.