CALGARY, Dec. 3 /CNW/ - The Alberta Securities Commission (ASC) has
issued a cease trade order against Enrique (Henry) Rempel of British Columbia,
ruling he poses a risk to Alberta investors and the Alberta capital market.
The order prohibits Rempel from trading in or purchasing securities or using
Alberta Securities Act exemptions (with one exception) until June 29, 2019.
Rempel is also prohibited from acting as a director or officer of any issuer
(with one exception) until at least June 29, 2019.
The ASC decision is based on a British Columbia Securities Commission
(BCSC) order of June 29, 2007 that imposed sanctions including a 12-year
trading ban on Rempel. The BCSC order stemmed from Rempel's raising of
approximately $3.6 million through illegal trades and distributions of various
securities to approximately 37 people. Evidence presented to the ASC panel
showed that two of these investors were Alberta residents who had invested
In its decision, the ASC panel noted that even though Rempel has no plans
to move to Alberta, "his past conduct nonetheless persuades us that something
more, by way of protective and deterrent orders, is in the interest of the
Alberta public. Otherwise, we are concerned that Rempel, or others, could
engage in similar misconduct and expose Alberta investors and the Alberta
capital market to further harm."
A copy of this decision can be found on the ASC website at
A copy of the BCSC's order is available on the BCSC 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, email@example.com; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488