Big securities fine issued, but collection and police probe unclear

In its latest high-profile monetary sanction, the B.C. Securities Commission last week issued $2.29 million in penalties against Vancouver-resident Roy Ping Bai for investment fraud.
But there remains a question of whether the penalties will be paid, underscored by a Postmedia News investigation published last November that found more than half-a-billion dollars in commission fines have gone uncollected in the past decade. From fiscal 2007-08 to 2016-17, the collection rate has been less th