A British Columbia Securities Commission (BCSC) panel on June 21 permanently banned former investment adviser Dirk Christian Lohrisch from B.C.’s capital markets.
The panel relied on a July 2010 decision of the Investment Industry Regulatory Organization of Canada (IIROC), which found that the Vancouver resident breached IIROC rules when he:
•submitted a registration form to IIROC that was misleading about his credentials;
•submitted a forged transcript to IIROC; and
•attempted to obstruct IIROC’s investigation into his conduct.
The IIROC fined him $40,000 and ordered him to pay $27,000 in costs.
Not only has Lohrisch followed a path of dishonesty, he shows no remorse,” the panel wrote in a statement.
It found that Lohrisch’s conduct warranted orders broader than those that the IIROC was able to impose.
Lohrisch is now permanently banned, with limited exceptions, from buying securities or exchange contracts and acting as a director or officer of any issuer or registrant.
Lohrisch is also permanently prohibited from being or acting as a registrant, investment fund manager or promoter. He is prohibited from acting in a management or consultative capacity in connection with the securities market or engaging in investor relations activities.
