A B.C. man who was once sanctioned for insider trading is facing scrutiny from a provincial regulator after allegedly failing to disclose this history in communications to shareholders of three companies for which he was a director. David Charles Greenway was penalized by the B.C. Securities Commission for insider trading in 2012, according to a statement from the regulator Friday. When Greenway was nominated for re-election as a director of three companies—Quantum Battery Metals Corp., Montego Resources Inc. and Uranium One Mining Corp. (formerly known as Vanguard Mining Corp.)—he signed off on information circulars that did not disclose his discipline history, the BCSC alleges. The regulator’s statement notes that Greenway was sanctioned again in 2025 for failing to disclose the insider trading penalty, describing the situation as “essentially the same conduct the BCSC is now alleging.” The latest allegations have not been proven, and Greenway and the companies are required to appear at the BCSC’s offices on Aug. 18 if they wish to respond to the allegations before a hearing on the matter is scheduled. “The BCSC alleges that all three companies failed to disclose Greenway’s 2012 sanctions,” the regulator’s statement reads. “It also alleges that two of the three companies also failed to disclose his 2025 sanctions in information circulars sent after Greenway learned of his 2025 sanctions for the same type of disclosure failure. Greenway himself signed those false or misleading circulars on behalf of the companies. By doing so, the BCSC alleges that they provided false or misleading information in a record sent under the (Securities) Act.” Because of his role within each company, Greenway is alleged to have “authorized, permitted or acquiesced” to the dissemination of the false or misleading information, and is therefore allegedly in breach of the same section of the Securities Act.
