Bret Allan Dobbin Permanently Barred Following Settlement Agreement and Restitution Order
Summary
The Manitoba Securities Commission (MSC) has permanently barred Bret Allan Dobbin from Manitoba capital markets following a Settlement Agreement, after Mr. Dobbin was sentenced to 18 months in jail for violating The Securities Act and The Mortgage Brokers Act, having fraudulently obtained over $500,000 from an elderly, widowed victim. The Commission ordered permanent denial of exemptions under both Acts, immediate resignation from any director or officer positions held with any issuer, and prohibition against serving as a director or officer of any issuer in the future. The Provincial Court of Manitoba additionally ordered Mr. Dobbin to pay approximately $380,000 in restitution to his victim.
“"This case is a stark reminder of the long-lasting harm financial exploitation can inflict on vulnerable Manitobans," says Chris Besko, MFSA Executive Director. "Our priority is to ensure that victims of financial fraud are supported and that those responsible are held accountable."”
Securities registrants under Manitoba securities legislation should note that the conduct at issue — fraudulent solicitation and financial exploitation of a vulnerable person — resulted in both a permanent regulatory bar and criminal conviction. Firms with clients who are elderly or otherwise vulnerable should review their suitability and supervision procedures against exploitation red flags, as this case signals continued regulatory and prosecutorial attention to this conduct type.
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The Manitoba Securities Commission has permanently barred Bret Allan Dobbin from Manitoba capital markets following a Settlement Agreement after he was sentenced to 18 months in jail for violating The Securities Act and The Mortgage Brokers Act, having fraudulently obtained over $500,000 from an elderly widowed victim. The Commission ordered permanent denial of exemptions under both Acts, immediate resignation from any director or officer positions with any issuer, and prohibition against future service as a director or officer of any issuer. The Provincial Court of Manitoba additionally ordered approximately $380,000 in restitution to the victim.
Registrants and market participants in Manitoba should note that financial exploitation of vulnerable persons and fraudulent conduct under securities legislation carries serious consequences including permanent bars from capital markets, criminal prosecution, and substantial restitution orders. Any registrant-facing activity that could constitute exploitation of vulnerable investors may attract both regulatory enforcement and criminal referral to Crown prosecutors.
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Apr 23, 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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MSC permanently bars Bret Allan Dobbin
following Settlement Agreement and Restitution Order
WINNIPEG, Manitoba – January 9, 2026 – The Manitoba Securities Commission (MSC) confirms that Bret Allan Dobbin has entered into a Settlement Agreement with MSC Staff after being sentenced to 18 months in jail for violating The Securities Act and The Mortgage Brokers Act. Mr. Dobbin fraudulently obtained over $500,000 from an elderly, widowed victim.
During a hearing held on December 3, 2025, The Commission made the following orders:
· Permanent denial of exemptions under The Securities Act and The Mortgage
Brokers Act
· Immediate resignation of any positions held as a director or officer of any issuer
· Prohibition against serving as a director or officer of any issuer in the future
“This case is a stark reminder of the long-lasting harm financial exploitation can inflict on vulnerable Manitobans,” says Chris Besko, MFSA Executive Director. “Our priority is to ensure that victims of financial fraud are supported and that those responsible are held accountable.” Additionally, the Provincial Court of Manitoba has ordered Mr. Dobbin to pay approximately $380,000 in restitution to his victim. -30- **** About the Manitoba Securities Commission The Manitoba Securities Commission is a division of the Manitoba Financial Services Agency, a special operating agency of the Government of Manitoba. The Commission regulates the securities, real estate, and mortgage broker industries, and promotes fair and efficient capital markets throughout the province. **** Media inquiries:
Marko Bilandzija, Communications Coordinator marko.bilandzija@gov.mb.ca 204-945-4733 The Manitoba Securities Commission 500-400 St. Mary Ave.
Winnipeg, Manitoba
Canada R3C 4K5
| Call us | (204) 945-2548 |
| Fax us | (204) 945-0330 |
| Email us | securities@gov.mb.ca |
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