Law360 Canada ( May 19, 2026, 9:38 AM EDT) -- Appeal by Pasquill and cross-appeal by British Columbia Securities Commission (Commission) from chambers judge’s forfeiture order. In 2014, Pasquill was found to have perpetrated one of the largest frauds on capital markets in British Columbia, in violation of the Securities Act. He was ordered to pay, jointly and severally with others, $36.7 million in monetary sanctions. The Commission’s decision imposing the sanctions was upheld by this Court. The Commission’s sanction orders were registered as orders of the Supreme Court of British Columbia in 2015. To date of this appeal, Pasquill had made no payment in satisfaction of the orders. In 2020, the Court Order Enforcement Act amended the legislation so that the exemption of “registered plans” from “any enforcement process” no longer applied to enforcement proceedings “arising from an order made under the Securities Act.” Upon the amendments coming into force, the Commission filed a petition which sought forfeiture of the funds in Pasquill’s life income fund (LIF) accounts. The chambers judge ordered that any payment to Pasquill from his LIF accounts were to be forfeited to the Commission but declined to appoint a receiver to manage the accounts and collect the payments. Pasquill appealed the forfeiture order, arguing that the payments from his LIF accounts were exempt from attachment pursuant to s. 70 of the Pension Benefits Standards Act (PBSA). By way of cross-appeal, the Commission alleged that the chambers judge erred in declining to appoint a receiver....