Posted: Feb 25, 2021 3:19 PM CT | Last Updated: February 25
Neither Neil (Cornelius) Friesen nor Agatha Friesen have ever been registered under the Securities Act in Manitoba to sell securities. (CBC)
A Manitoba husband and wife have been permanently barred from trading in securities after investors lost money in a plan that included a 30 per cent annual rate of return on investment in some cases.
Neil Friesen and his wife Agatha Friesen are permanently prohibited from acting as a director or officer of any company that issues securities in a Feb. 18 settlement with the Manitoba Securities Commission.
Neither of the Friesens had ever been registered under the Securities Act in Manitoba to sell securities, the settlement says.