CALGARY, March 27, 2013 /CNW/ - Alberta Securities Commission (ASC)
staff are seeking to reciprocate an order imposed by the British
Columbia Securities Commission (BCSC) against Daniel Scammell, Casper
de Beer (a.k.a. Casha de Beer), VerifySmart Corp. (formerly Verified
Capital Corp.) and Verified Transactions Corp.
In December 2011, the BCSC found that Scammell, de Beer, VerifySmart and
Verified Transactions traded in securities without registration and
distributed those securities without a prospectus.
In May 2012, the BCSC ordered, among other things, that Scammell and de
Beer be banned from becoming or acting as an officer or director of any
issuer, trading in securities, and becoming or acting as a registrant
or promoter until the later of May 14, 2017 or until monetary
penalties, as set out in the order, are paid. The BCSC also
permanently cease traded Verified Transactions and VerifySmart.
The ASC seeks reciprocation of the BCSC order to protect Alberta
investors and the Alberta capital market.
It is anticipated that the ASC panel will consider this application in
the near future.
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
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