CALGARY, July 11, 2014 /CNW/ - Alberta Securities Commission (ASC) staff
have issued a Notice of Hearing alleging that Atlantic Tides
Incorporated and its principal, Douglas Gordon Campbell, engaged in the
illegal distribution of Atlantic Tides Incorporated securities and made
misrepresentations about the risk of the investment.
Staff also allege that Atlantic Tides Mortgage Investment Corporation,
an affiliated company controlled by Campbell, made misrepresentations
related to the use and security of approximately $1.3 million of
The allegations have not been proven.
An appearance to set a date for a hearing will be held on Wednesday,
August 13, 2014 at 2 p.m. in the ASC Hearing Room, 5th Floor, 250 - 5th Street SW, Calgary, Alberta.
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 with fostering a fair and
efficient capital market in Alberta and with protecting 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