CALGARY, Oct. 8 /CNW/ - The Alberta Securities Commission (ASC) confirms
that its temporary order prohibiting short sales of certain financial sector
securities will expire at 11:59 pm on October 8, 2008.
The temporary ban under the Securities Act (Alberta) originally was made
on September 19, 2008, following a United States Securities and Exchange
Commission (SEC) order. The ASC order is available for review on the ASC
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