B.C. Securities Commission bans convicted fraudster [Video]

B.C.’s financial markets regulator has permanently banned a convicted fraudster from various investment activities.

Naresh Singh Mann, whose last name is also spelled “Maan,” pleaded guilty to fraud over $5,000 back in 2018, but his sentencing was delayed for several years to allow him to pay restitution to his victim. 

In November 2023, he received a suspended sentence with 12 months probation. He was also ordered to complete 50 hours of community service within nine months of his sentencing.

On Tuesday, a panel of the B.C. Securities Commission issued a permanent ban prohibiting Mann from participating in the investment market as a director or officer of any registered issuer of securities, or from becoming a registrant himself.

He must also resign any positions he holds as a director or officer of a registrant, and he is banned from engaging in promotional activities in the investment market.

Mann is allowed to operate his own personal investment accounts, however.

The panel’s order sheds additional light on …