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Some FS clients were stunned at the allegations.

Commission staff had previously obtained an order freezing 11 bank accounts in its investigation of Low and Lim. Last week, the executive director issued an even broader freezing order on FS accounts, employees, and trading activity, alleging commission “staff are concerned that Lim and Low are using new companies and new bank accounts to continue to raise money.”

Postmedia asked FS Financial Strategies to comment for this story.

“We take pride in the value we continue to provide to our customers and investors, and look forward to addressing the allegations made by the B.C. Securities Commission at the hearing on Feb. 17,” a statement to Postmedia said.

The allegations against FS and others named in the freezing order have not been proven and no hearing has previously been held.

Meanwhile, Postmedia has learned that FS Financial’s fundraising activity was first questioned by B.C.’s insurance council in 2013. The insurance council imposed some conditions against FS financial in 2016 but its investigation remains open. Canadian insurer Manulife severed ties with Low and Lim in late 2015.

Now, some young FS investors like Joezen Apolinar are questioning what they should do.

Apolinar told Postmedia that in October 2015 he was introduced by a friend to one FS adviser now named in the Securities Commission freezing order. Apolinar says he accepted a free ticket to a hip hop dance show in Richmond, in exchange for his commitment to talk to an adviser after the show. He says the perception that young FS advisers shared his interests and social conscience put him at ease.