ASC seeks to reciprocate bans against Beryl Henderson

CALGARY, Dec. 19, 2013 /CNW/ - Alberta Securities Commission (ASC) staff are seeking to reciprocate an order imposed by the Ontario Securities Commission (OSC) against Beryl Henderson.

On the basis of both a settlement agreement and related criminal proceedings, the OSC determined that Beryl Henderson and her agent sold at least $474,000 in trust agreements to six investors.  The investors were allegedly purchasing shares in Go Sports Entertainment Inc., a Nevada corporation.  Henderson admitted in the settlement agreement that she engaged in fraudulent conduct by misleading investors about the nature of their investment, her expertise and background, as well as the expected returns and risk level on their investment.

On September 18, 2013 the OSC ordered, among other things, that Henderson must cease trading in and acquiring securities permanently (subject to specified exceptions if she makes full restitution to her victims), and that any exemptions contained in Ontario securities laws will no longer apply to her. Henderson was also prohibited permanently from acting as a director or officer of any issuer, registrant or investment fund manager, or acting as a registrant or investment fund manager or promoter.   

The ASC seeks reciprocation of the OSC order to protect Alberta investors and the Alberta capital market.

A copy of the Notice of Hearing  is available on the ASC website at www.albertasecurities.com.

The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors.  As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

SOURCE Alberta Securities Commission

For further information: For Media Inquiries: Lorinda Brinton, Senior Communications Advisor, 403-297-2665; For Investor Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488