ASC seeks to reciprocate bans against Al-Tar Energy Corp., Alberta Energy Corp., David C. Campbell, Abel Da Silva, Eric F. O'Brien and Julian M. Sylvester

CALGARY, May 24, 2011 /CNW/ - The Alberta Securities Commission (ASC) is seeking to reciprocate orders imposed by the Ontario Securities Commission (OSC) against Al-Tar Energy Corp., Alberta Energy Corp., David C. Campbell, Abel Da Silva, Eric F. O'Brien and Julian M. Sylvester.

On January 6, 2011, the OSC ordered, among other things, that Campbell, Da Silva, O'Brien and Sylvester be permanently banned from: trading in securities; using any Ontario securities laws exemptions; and acting as a director or officer of any issuer or registrant. In addition, the OSC ordered that Al-Tar Energy Corp. and Alberta Energy Corp. permanently cease trading in securities.

The OSC found that Al-Tar Energy Corp., Alberta Energy Corp., Campbell, Da Silva, O'Brien and Sylvester perpetrated a fraud on investors in Canada and the United Kingdom. More than $650,000 was raised from investors, all of whom lost all their funds.

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

It is anticipated that the ASC panel will consider this application in June 2011.

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: 





Mark Dickey
Senior Communications Advisor
403-297-4481
       
For Investor Inquiries:


ASC Public Inquiries
Toll Free 1-877-355-4488

 


FORFAITS PERSONNALISÉS

Jetez un coup d’œil sur nos forfaits personnalisés ou créez le vôtre selon vos besoins de communication particuliers.

Commencez dès aujourd'hui .

ADHÉSION À CNW

Remplissez un formulaire d'adhésion à CNW ou communiquez avec nous au 1-877-269-7890.

RENSEIGNEZ-VOUS SUR LES SERVICES DE CNW

Demandez plus d'informations sur les produits et services de CNW ou communiquez avec nous au 1‑877-269-7890.