The British Columbia Securities Commission (BCSC) has found that two BC residents and a Nevada-based corporation illegally distributed securities and breached a cease-trade order (CTO). According to findings published by the BCSC , Alexander Anderson and Ken Chua distributed shares of Oriens Travel and Hotel Management Corp. to three BC residents, without filing a prospectus and despite the BCSC having already banned the sale of Oriens securities since 2009. The illegal distribution raised USD $58,500. Oriens was incorporated in Nevada in 2001, though its principal business operations office is located in Richmond, BC. The firm describes itself as being in the business of hotel management and development, as well as online travel reservations. Its shares are available over-the-counter (OTC) in the United States, and they are quoted in the Pink Sheets. Because of this, Oriens is a BCSC reporting issuer under Multilateral Instrument 51-105 Issuers Quoted in the US Over-the-Counter Markets
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