B.C. Real Estate Agent Wilson Su Fined $10,000 for Misconduct

A former real estate agent in British Columbia, Wilson Su, has been fined $10,000 by the B.C. Financial Services Authority (BCFSA) for failing to report ongoing regulatory proceedings against him and for providing false information during his license renewal application. This decision follows a consent order published by the BCFSA, which outlined a series of events leading to Su’s penalty.

Su was licensed under the Real Estate Services Act from 2007 until November 2025. The BCFSA’s consent order reveals that Su incorporated a company in late 2018 and sold 49 percent of it to another company in 2019. The specific names of these companies are not disclosed in the order.

In November 2018, the B.C. Securities Commission (BCSC) issued a temporary order and a notice of hearing concerning the second company, referred to as “Company 2.” The BCSC alleged that Company 2 was part of a group of companies involved in the “illegal distribution of securities,” misleadingly presenting themselves as consultants. Following subsequent amendments to its notice, the BCSC discontinued proceedings against Company 2, only to reopen them later and issue an order for Su to provide information in July 2022.

The BCFSA consent order states that Su was not informed of the BCSC’s investigation order at the time it was issued. He only received a copy during an investigative interview in early November 2023. When applying for his license renewal later that month, Su answered “no” to a question regarding whether he was the subject of any investigations or disciplinary actions related to real estate or securities legislation.

Su did not notify the BCFSA about the BCSC investigation until March 2024, after he received a notice indicating that he was under investigation by the real estate regulator. In admitting to professional misconduct, Su acknowledged his failure to promptly inform the BCFSA of the ongoing BCSC proceedings against himself and the companies he directed. He also conceded that he provided a false or misleading statement on his license renewal application.

As part of the consent order, Su has agreed to pay the $10,000 fine within 30 days, alongside an additional $2,500 to cover enforcement expenses. This case underscores the importance of transparency and accountability within the real estate profession in British Columbia.