ASC alleges illegal insider trading against John Holtby, James Douglas, Jeffrey Bratvold, Neil Tanner, Kenneth Burdeyney, Eric Jaschke, Gayle Walton, Ken Landsiedel and Randall Kowalchuk

CALGARY, April 12 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing against Alberta residents John Herbert Holtby, James Roger Douglas, Jeffrey Scott Bratvold, Kenneth Michael Burdeyney, Eric John Jaschke, Gayle Marie Walton, Ken Landsiedel, and Dale Richard Stock, and against B.C. resident Randall George Kowalchuk for alleged breaches of Alberta securities laws.

ASC staff allege all of the respondents, with the exception of Dale Stock, were in a special relationship with Eveready Inc. and were in possession of material information not publicly disclosed when they purchased Eveready shares between January and April of 2009.  ASC staff further allege that Holtby, a director of Eveready at the time, "tipped" this information to several people, and the other respondents received this information from Holtby, or from others he had tipped.  ASC staff further allege that Holtby, Douglas, Bratvold and Stock all concealed or withheld information from ASC staff. As a result, ASC staff allege that each of these respondents, through the actions noted above, breached Alberta securities laws.

An appearance to determine a date for a hearing is set for Thursday, May 12, 2011, at 10 a.m. in the ASC Hearing Room on the 5th Floor, 250 - 5th Street S.W., Calgary, Alberta.

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 Advisor, Investor Education
403.297.2665
For Investor Inquiries: 
ASC Public Inquiries
Toll Free 1.877.355.4488

 


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