Contributed by: Don WinnerBecause of Petaquilla Minerals corporate offices are in Vancouver, Canada, investigations for the alleged improper use of inside information in the case of Financial Pacific could fall under the jurisdiction of the Securities Commission of British Columbia (BCSC).
Officials from the Securities and Exchange Commission of the United States refused to comment on whether the Petaquilla Minerals case would fall under the jurisdiction of this group.
But, in the past, the association has imposed substantial fines in cases originating outside the United States. (Prensa)
Editor's Comment: I called and spoke to the investigators of the BCSC last week about this case. When I called them they didn't know anything about it, so I alerted them to the headlines that have been dominating the Spanish language local Panamanian news outlets for weeks. It's safe to assume they are now examining those transactions in the Sept - Oct 2009 time frame carefully.