Salmon Arm man represents himself in securities trial

Richard Good alleged to have contravened 2007 BC Securities Commission life-time trading ban

Richard Good, 73, from Salmon Arm, is defending himself in Provincial Court in Salmon Arm against a charge of contravention of the Securities Act.

The BC Securities Commission (BCSC) issued a 2007 order and a 2009 variation on that order which permanently prohibits Good from trading in securities “unless the trading accounts are in his own name and the trading is for his own financial purpose,” stated an April news release from the commission.

The Crown is alleging that Good contravened the trading ban by making trades for Brenda Bolton between 2012 and 2015.

Good was also facing a charge of fraud over $5,000 in BC Supreme Court, but that charge was stayed on Sept. 30.

Bolton is the former partner of Bruce Ridout of White Rock, now deceased, who was Good’s brother-in-law and financial partner for more than 30 years..

Crown counsel Heather Magnin’s first witness was Bolton, and the second, Jerome Wakeland with the BCSC’s criminal investigation branch. Wakeland testified on Nov. 4.

He told the court that in 2016, BCSC received a complaint from Bolton regarding her dealings with Richard Good. Wakeland said in the course of his investigation he looked at the transfer of funds between various investment and trading accounts, as well as stock transactions and emails. The court heard that Richard Good did not have his own account but had power of attorney on one of his wife Donna’s accounts.

Read more: Shuswap man charged with fraud over $5,000

Read more: Blockbuster performance

Wakeland detailed several transfers of funds from Bolton.

In cross-examination, Good asked Wakeland if Bolton transferred any funds to him directly. Wakeland stated they were all transferred to his wife, Donna Good.

Judge Mark Takahashi told Good several times throughout the cross-exam, as he was acting as his own lawyer, that hearsay is not useful; he must ask the witness about things the witness has personal knowledge of.

During the Crown’s cross-examination of Good, Magnin referred to emails between Bolton and Good. She suggested that Good had made trades through his wife’s account using money from Bolton and Ridout. Good said he had never received money from Bolton.

Good alleged during the proceedings that Charter of Rights breaches had been made. He was unable to specify which of those rights had been breached, so the judge asked how long he would need to clarify. Based on that, Good will provide a submission to the judge by Nov. 22.

Good also argued that the time limitation between the alleged offence and the laying of a charge was too long. To that, Judge Takahashi said Good might have a point and he would like to see case law from the Crown, which she provided.

On Dec. 17, a date will be set for the judge to render his decision.

@SalmonArm
marthawickett@saobserver.net

Like us on Facebook and follow us on Twitter

Just Posted

Shuswap shows love for musician battling brain tumour

More than $10,000 raised during seven-hour benefit concert for John Fleming

Dallas Smith, Terri Clark to perform on CP Holiday Train’s Shuswap stops

Annual festive food bank fundraiser rolling into region on Dec. 14

Salmon Arm farmer’s market moved indoors

The last market will take place Dec. 7

Interior Health issues warning about opioid-laced stimulants causing recent overdoses

Interior Health is urging residents using or considering using drugs to reconsider… Continue reading

Teen with cancer whose viral video urged Canadians to vote has died, uncle tweets

Maddison Yetman had been looking forward to voting in her first federal election since junior high school

Rowing Canada, UVic investigate celebrated coach for harassment, abuse

Lily Copeland says she felt intimidated and trapped by Williams

Cleanup in the works after tanker truck fire leads to oil spill in B.C.’s Peace region

The province said the majority of the spilled oil likely burned away in the fire.

BC VIEWS: Action needed on healthcare workplace violence

While we’ve been talking about it, the number of B.C. victims has only grown

Closing arguments begin in B.C. case launched in 2009 over private health care

Dr. Day said he illegally opened the Cambie Surgery Centre in 1996 in order to create more operating-room time

MacLean says “Coach’s Corner is no more” following Cherry’s dismissal from Hockey Night

Cherry had singled out new immigrants in for not honouring Canada’s veterans and fallen soldiers

MacKinnon powers Avs to 5-4 OT win over Canucks

Vancouver battled back late to pick up single point

Poole’s Land finale: Tofino’s legendary ‘hippie commune’ being dismantled

Series of land-use fines inspire owner Michael Poole to sell the roughly 20-acre property.

Port Alberni mom takes school district to court over Indigenous smudging, prayer in class

Candice Servatius, who is an evangelical Christian, is suing School District 70

Most Read