ASC suspends the registration of Homerun Securities Inc.

CALGARY, Sept. 20, 2012 /CNW/ - The Alberta Securities Commission (ASC) has suspended the registration of Homerun Securities Inc., an Exempt Market Dealer, effective immediately.

Homerun Securities consented to the suspension following receipt of information that ASC staff were prepared to recommend to the Executive Director that Homerun Securities' registration as an Exempt Market Dealer be suspended immediately.  ASC staff based their recommendation on, among other things, their view that Homerun Securities failed to comply with the terms and conditions of its registration and Alberta securities laws by providing financial filings that were materially deficient.

Under the terms of the suspension, Homerun Securities must remove or otherwise disable its internet presence including public access to its website and all social media related to Homerun Securities. At its website address, Homerun Securities must post a notice about the suspension and provide contact information for the issuers that it represents.  The same notice must also be posted on the websites of entities related to Homerun Securities.  While suspended, Homerun Securities must not make any withdrawals of funds being used as regulatory capital, and it and its individual dealing representatives are prohibited from carrying on the activities of a registered dealer of securities.

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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