pc
nid 93271
no date
ataylor@vixio.com
British Columbia
The British Columbia Securities Commission
financial services
76% of draft length
draft in Generated
Generated
1582 charsBritish Columbia Securities Commission Orders $70,000 in Penalties for Cease Trade Order Breach
On June 15, 2026, the British Columbia Securities Commission (BCSC) announced enforcement action against Ronald Wayne Loudoun, former chief executive and sole director of Green Hygienics Holdings, and the Nevada-based company itself for breaching a cease trade order (CTO) issued in 2014 under British Columbia's Securities Act.
Between 2019 and 2021, Green Hygienics issued treasury shares to 50 people valued at $5.4 million despite the active CTO. The company also issued two promissory notes in 2020 and 2022 worth nearly $3.1 million combined. The BCSC panel found that Loudoun authorized, permitted, and acquiesced in these breaches. Additionally, Loudoun personally breached the CTO by transferring 250,000 shares and facilitating share trading to two individuals. The panel determined that investors suffered financial losses while Loudoun and Green Hygienics were enriched through the misconduct, including a $125,000 share transfer to one investor.
The BCSC imposed financial sanctions of $50,000 against Loudoun and $20,000 against Green Hygienics. Loudoun faces a six-year ban from participating in investment markets, or until he pays his sanctions, whichever is later. Green Hygienics received an additional trading prohibition order beyond the existing CTO until it pays its penalty. The panel emphasized that "an unwillingness to comply with the directives of a regulator in a highly-regulated industry must be viewed as a significant risk to our capital markets." Loudoun has no prior history of misconduct, and neither respondent participated in the proceedings.
Agent draft
Not run yet.
Published
1201 charsBritish Columbia Securities Commission Fines Green Hygienics CAD$20,000 for Breaching Cease Trade Order
On June 12, 2026, the British Columbia Securities Commission (BCSC) issued a sanctions decision against Green Hygienics Holdings Inc. (Green Hygienics) for breaching a cease trade order (CTO) that had been in effect since 2017. A BCSC panel found that Green Hygienics issued shares and promissory notes while the CTO was in place, violating the Securities Act (British Columbia). As a result, the panel imposed significant sanctions, including an administrative penalty and a trading prohibition.
Key findings of the panel include:
Breach of cease trade order: Green Hygienics violated the CTO by issuing treasury shares in 2019, 2020, and 2021, and by issuing two promissory notes (valued at $2,668,748 and $406,137) in 2020 and 2022.
Harm and enrichment: Investors who acquired shares during the CTO could not legally sell them, suffering immediate losses. The company was enriched because it received cash proceeds or other benefits as consideration for its share issuances.
The panel imposed an administrative penalty of CAD$20,000 (approximately US$14,290) against Green Hygienics and ordered that all persons cease trading in its securities until June 12, 2031, or until the penalty is paid.