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Jul 23, 2025 6:14 PM - Connect Newsroom

Richmond man sentenced for contravening Securities Act

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Vancouver – A Richmond resident has been sentenced after being found guilty of trading in securities without being registered and trading in securities without filing a prospectus, following an investigation by the BC Securities Commission (BCSC).

Richard Yung Shyang Chen was convicted and fined $4001 on July 4 at the conclusion of a trial in Vancouver Provincial Court.

Chen, a registered mutual fund dealing representative, promoted and facilitated two trades in investment contracts that were outside the scope of his registration, while also working as a bookkeeper for the organization offering the investments. The trading was related to two individuals who had invested $350,000 in a purported real estate investment opportunity involving a property on Osler Street in Vancouver’s Marpole neighbourhood.

In addition to facilitating trading, neither Chen nor the other entities involved had filed a prospectus with the BCSC as required by law. A prospectus is a formal document providing details of an investment.

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