CALGARY, Feb. 28, 2013 /CNW/ - The Alberta Securities Commission (ASC)
has charged Lethbridge-area men Rand Tyler Stevenson and Brent Ray
Derricott in the Provincial Court of Alberta for making misleading or
untrue statements to investors and trading in OCI Q Corp. securities
without registration or a prospectus. Robert Michael Smylski was also
charged with trading in OCI Q Corp. securities without a prospectus and
for breaching ASC orders prohibiting him from trading in Alberta. In a
previous proceeding, an ASC panel permanently banned Smylski from
trading in any securities on September 27, 2010.
Stevenson and Derricott face 47 charges, while Stevenson, Derricott and
Smylski face 12 changes and Smylski alone faces 14 of the charges.
A first appearance for the three men is scheduled for 9:30 a.m. on April
11, 2013 in Lethbridge.
Stevenson, Derricott and OCI Q are currently under a December 2011 ASC
Interim Cease Trade Order that prohibits all trading in OCI Q
securities and also prohibits Stevenson, Derricott and OCI Q from
trading in any other securities and from relying on any Alberta
securities laws exemptions. A copy of the Interim Cease Trade Order can be found 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
SOURCE: Alberta Securities Commission
For further information:
For Media Inquiries:
Senior Communications Advisor
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1.877.355.4488