CEO Pollard Fined $25,000 for Late Insider Reports
Summary
The BC Securities Commission fined Andrew Pollard, CEO of Blackrock Silver Corp., $25,000 for failing to file timely insider reports on the System for Electronic Disclosure by Insiders (SEDI). Between 2019 and 2025, Pollard failed to report 161 securities transactions valued at more than $950,000 within the required five-day deadline. Pollard voluntarily disclosed his failures, completed all required SEDI filings, and paid $5,700 in late fees.
What changed
The BC Securities Commission has fined Andrew Pollard, CEO of Blackrock Silver Corp., $25,000 for failing to file timely insider reports on SEDI. As an insider of a publicly-traded company, Pollard was required to disclose changes to his securities ownership within five days. Between 2019 and 2025, he failed to report 161 transactions involving over $950,000 in securities by the required deadline.\n\nThis enforcement action demonstrates BCSC's commitment to ensuring timely disclosure of insider trading activity and holds company insiders accountable for meeting their reporting obligations. Public company insiders must ensure consistent compliance with SEDI filing requirements to avoid substantial penalties and regulatory scrutiny.
What to do next
- Insiders must file reports on SEDI within five days of securities transactions
- Public companies should ensure insider trading disclosures are filed timely
- Review internal controls for securities transaction reporting
Penalties
$25,000 fine
Archived snapshot
Apr 11, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
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News Release
CEO pays BCSC $25,000 for late insider reports
- ### Date:
2026-04-10
- ### Number:
2026/023
Vancouver – The CEO of a publicly-traded junior mineral exploration company has paid $25,000 to the BC Securities Commission (BCSC) for failing to file timely reports of his securities trading activity.
Andrew Pollard is a B.C. resident and a director of B.C.-based Blackrock Silver Corp., which trades on the TSX Venture Exchange and Frankfurt Stock Exchanges and is quoted on the U.S. over-the-counter markets.
As an insider, he was required to file reports disclosing changes to his ownership of Blackrock Silver Corp.’s securities on the System for Electronic Disclosure by Insiders (SEDI) within five days of making them. Between 2019 and 2025, Pollard failed to report 161 such transactions – involving securities valued at more than $950,000 – by the required deadline.
Pollard, who has no disciplinary history of securities misconduct, voluntarily reported his failures to file on time under the BCSC’s policy of considering cooperation in enforcement matters.
Pollard has since made all the required filings on SEDI and paid late fees of $5,700. He also completed a course of study on the duties and responsibilities of directors and officers of public companies of his own volition.
About the BC Securities Commission ( bcsc.bc.ca )
The BC Securities Commission, an independent provincial government agency, strives to make the investment market benefit the public. We set rules, monitor compliance by industry, take action against misconduct, and provide guidance to investors and industry. As guardians of B.C.’s investment market, we’re committed to maintaining a market that is honest, fair, competitive and dynamic, enabling British Columbians to thrive.
Media Contact:
Brian Kladko
604-899-6713
Public inquiries:
604-899-6854 or 1-800-373-6393 (toll free)
inquiries@bcsc.bc.ca
Learn how to protect yourself and become a more informed investor at www.investright.org
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