CALGARY, Oct. 15 /CNW/ - The Alberta Securities Commission (ASC) has
ordered that, with certain exceptions, Alberta registrants Adrian Samuel
Leemhuis and ASL Direct Inc., as well as British Virgin Island based fund
companies Future Growth Group Inc., Future Growth Fund Limited, Future Growth
Global Fund Limited, Future Growth Market Neutral Fund Limited, and Future
Growth World Fund be banned from trading or using any exemptions under Alberta
securities laws, and all trading in securities of the Future Growth Group
cease. The decision is based on similar temporary orders issued by the Ontario
Securities Commission (OSC) on April 22 and May 1, 2008.
The ASC staff presented evidence to the ASC panel of participation of
Leemhuis and ASL, and misconduct of the Future Growth Group in the Alberta
capital market, as well as evidence of the multijurisdictional capital market
activity to which the OSC temporary orders are directed.
A copy of the decision is available on the ASC website at
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.
For further information:
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