Sturgis North motorcycle rally promoter under investigation by financial regulator - InfoNews

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Sturgis North motorcycle rally promoter under investigation by financial regulator

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May 20, 2020 - 2:30 PM

The promoter behind motorcycle festivals in the North Okanagan and Shuswap is under investigation by the B.C. Securities Commission and has been temporarily banned from the trading of securities in several companies.

Raymond Michael Roger Sasseville, who also goes by Michael Ray Carrier, has been placed on a 15-day prohibition from trading in the securities of Talking Stick Media Incorporated, Media Inc., Rockin Bike Motorcycle Manufacturing Company Incorporated and Sturgis Canada Festival Incorporated. The Securities Commission has also placed Jonathon S. Reidar on the same prohibitions.

According to the B.C. Securities Commission, the two men are currently being investigated for possible violations of the registration and prospectus requirements, as well as a possible breach of a prior Securities Commission order.

Sasseville is no stranger to Securities Commission violations and has a record dating back to 2003 when he was fined $10,000 for illegally distributing securities valued at approximately $755,000 to 75 investors.

In 2015, he was placed on a five-year ban for illegal distribution and unregistered trading. The ban is due to expire on May 28, 2020.

Sasseville ran the Sturgis North Motorcycle Rally and Music Festival in Salmon Arm in 2011, moving the event the following year to the Motoplex Speedway and Event Park north of Vernon.

The events caused a significant amount of controversy with the Vernon Morning Star reporting in 2012 that the Motoplex Speedway launched a $400,000 civil claim against Sturgis North Encore Productions. The case appears to still be working its way through the courts.

A report in the the Salmon Arm Observer in 2013 says Sasseville launched a lawsuit against the District of Sicamous, the former mayor and several others. The report says the case was eventually dropped.

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