Mesidor (Re)

The British Columbia Securities Commission found Jefferson Franklin Mesidor liable for fraud and issued an order to pay $75,000 and to permanently bar him from participating in securities markets. Mesidor had been transferred $32,280 from two investors for foreign exchange trades, but instead misappropriated $16,000 for his own use. Although Mesidor later returned $2,000 of the misappropriated funds to his clients, the Commission found that Mesidor has committed fraud in respect of the full $16,000. (Mesidor(Re), 2014 LNBCSC 6).