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.
Winnipeg Free Press Posted:
The Manitoba Securities Commission has concluded a settlement agreement with the husband and wife team of Cornelius (Neil) Friesen and Agatha Friesen that requires them to cease trading in securities and permanently prohibits them from ever becoming an officer or director of a company registered by the securities commission.
The Manitoba Securities Commission has concluded a settlement agreement with the husband and wife team of Cornelius (Neil) Friesen and Agatha Friesen that requires them to cease trading in securities and permanently prohibits them from ever becoming an officer or director of a company registered by the securities commission.