CALGARY, Nov. 10, 2011 /CNW/ - Alberta Securities Commission (ASC) staff
are seeking to reciprocate orders imposed by the Autorité des marchés
financiers (AMF) against Voyageur Foundation, Philip Jarman, Yves
Godin, Gérard Reid and Claude Tremblay.
On February 25, 2011, the AMF ordered Voyageur Foundation, Jarman,
Godin, Reid and Tremblay to cease any activities connected to
transactions in securities and to cease acting as a securities dealer
or adviser. The AMF also ordered that they shut down the websites www.voyageur.co.cr and www.voyageurfoundation.co.cr, and cease using any other website for the purpose of carrying out any
activity, directly or indirectly, related to transactions in any form
of investment governed by the Securities Act (Québec).
The AMF found that Voyageur Foundation, Jarman, Godin, Reid and Tremblay
pursued activities as dealers or advisers by soliciting investors to
invest in various companies promoted by Voyageur Foundation without
being registered to do so. Albertans were among those who invested.
ASC staff seek reciprocation of the AMF orders to protect Alberta
investors and the Alberta capital market.
It is anticipated that an ASC panel will consider this application in
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: |
| Mark Dickey |
Senior Communications Advisor
| For Investor Inquiries: || ASC Public Inquiries |
Toll Free 1-877-355-4488