Derrick Penner

B.C. Securities Commission launches hearing in alleged $65-million investor fraud

vancouversun.com — The B.C. Securities Commission has alleged that Victoria-area financial advisor David Michaels perpetrated a massive fraud that cost investors $65 million. In a notice of hearing Thursday, BCSC enforcement staff alleged that from June 2007 to December 2010, Michaels - doing business as Michaels Wealth Management - advised 484 clients to purchase more than $65 million worth of "exempt-market" securities without being registered to advise in securities.

Competition Bureau says companies charged with fixing chocolate prices

vancouversun.com — OTTAWA - The Competition Bureau says criminal charges have been laid against three companies including Nestle Canada and three individuals accused of fixing the price of chocolate candies in Canada. They are charged with conspiracy under the Competition Act. The bureau says Hershey Canada Inc. co-operated with its investigation.

Humanities Fall From Favor

online.wsj.com — Far fewer Harvard students express interest in majoring in the humanities, a field with weaker job and pay prospects than the hard sciences.

Stanley Cup rioter convicted at trial should get at least a month in jail, Crown argues

vancouversun.com — The Crown is recommending the first person to contest charges related to Vancouver's Stanley Cup riot be sentenced to at least a month in jail.

Vancouver's priciest condo sells for record-breaking $25 million

vancouversun.com — The most expensive condo in Vancouver has been sold for $25 million. CLICK HERE TO VIEW IMAGES Realtor Malcolm Hasman confirmed the penthouse above the Fairmont Pacific Rim Vancouver went for the highest selling price ever on Vancouver's Multiple Listing Service, a real estate database. The two-storey condo was initially offered at $28.8 million.

Taco Bell Promises 'Swift Action' After Employee Tongues Tacos on Facebook

adweek.com — Well before the Internet, the quick-serve restaurant industry was challenged by disgusting tales or urban legends of what possibly happens to customer food before it's brought to the table. Social media has brought evidence of such food-tampering (sometimes done as a prank, for sure) to the fore in recent years, and Taco Bell is the latest brand to suffer from unfortunate pictures on the subject surfacing on Facebook or Twitter.

Vancouver's priciest condo sells for record-breaking $25 million

vancouversun.com — The most expensive condo in Vancouver has been sold for $25 million. CLICK HERE TO VIEW IMAGES Realtor Malcolm Hasman confirmed the penthouse above the Fairmont Pacific Rim Vancouver went for the highest selling price ever on Vancouver's Multiple Listing Service, a real estate database. The two-storey condo was initially offered at $28.8 million.

Paradis blocks Telus-Mobilicity deal, says Ottawa wants to nurture competition (with video)

vancouversun.com — OTTAWA - Ottawa is blocking a $380-million deal to sell struggling wireless upstart Mobilicity to incumbent Telus Corp. and says it will continue to prohibit spectrum transfers that would limit competition in the Canadian wireless market. Industry Minister Christian Paradis said the government would use all tools at its disposal to ensure there are at least four wireless competitors in every region of Canada.

Paradis blocks Telus-Mobilicity deal, says Ottawa wants to nurture competition (with video)

vancouversun.com — OTTAWA - Ottawa is blocking a $380-million deal to sell struggling wireless upstart Mobilicity to incumbent Telus Corp. and says it will continue to prohibit spectrum transfers that would limit competition in the Canadian wireless market. Industry Minister Christian Paradis said the government would use all tools at its disposal to ensure there are at least four wireless competitors in every region of Canada.