ASC staff seek to reciprocate bans against Voyageur Foundation, Philip Jarman, Yves Godin, Gérard Reid and Claude Tremblay

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 December 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


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