A former B.C. real estate agent has agreed to pay a $10,000 fine to one provincial regulator after admitting that he had failed to inform it of proceedings against him by a different provincial regulator. Wilson Su was licensed under the provincial Real Estate Services Act with various brokerages from 2007 through November 2025, according to a consent order he signed with the B.C. Financial Services Authority that was published on the regulator’s website this week. According to the document, Su incorporated a company in late 2018 and sold 49-per-cent of it to another company in 2019. The companies are not named in the consent order. The second company—referred to as “Company 2” in the document—was the subject of a temporary order and notice of hearing issued by the B.C. Securities Commission in November 2018. That regulator alleged that Company 2 was one of a group of companies that had facilitated the “illegal distribution of securities by purporting themselves to be consultants when they were not.” The BCSC later amended its notice of hearing multiple times, at one point discontinuing proceedings against Company 2, only to open new ones against it and serve Su with an “order to provide information or produce records” in July 2022, according to the BCFSA consent order. This was followed by an investigation order naming Su, Company 2 and others, as well as a summons for Su to appear before an investigator. The consent order notes that Su was not provided with a copy of the BCSC’s investigation order when it was issued, though he had been served with both the order to provide information and the summons. Su received a copy of the investigation order when he appeared for the interview in early November 2023, according to the BCFSA document. Later that month, when submitting his licence renewal application, Su responded “no” to the question, “Are you the subject of an investigation or disciplinary proceedings under real estate, insurance, mortgage broker or securities legislation, or by a professional body, in British Columbia or another jurisdiction?” Su did not notify the BCFSA of the BCSC investigation until March 2024, when he responded to a notice from the real estate regulator informing him that it was investigating him. In the consent order, Su admitted that he had committed professional misconduct by failing to notify the BCFSA in a timely manner that he and companies he directed were subject to BCSC regulatory proceedings. He also admitted that he had made a false or misleading statement when he submitted his application for licence renewal. As a consequence for his misconduct, Su agreed to pay a discipline penalty of $10,000 to the BCFSA within 30 days. He also agreed to pay $2,500 in enforcement expenses.
