The B.C. Securities Commission announced June 5 the now former director of a small public company headquartered in Vancouver has been charged with two counts of criminal insider trading.

Douwe van Hees was charged with two counts of prohibited insider trading for allegedly using inside information obtained from Shaun Pollard, who is already facing charges of tipping and recommending someone trade securities while knowing an undisclosed material fact.

Pollard is alleged to have possessed that information “by virtue of their employment, office, duties and/or occupation with an issuer,” according to a statement from the commission.

Van Hees also allegedly used inside information by virtue of “being a shareholder and/or having a business or professional relationship with an issuer.”

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