CALGARY, June 19 /CNW/ - The Alberta Securities Commission (ASC) has
ordered a six-year market ban (with exceptions) against Susan Amelia Sanford
for breaching Alberta securities laws. Sanford was also ordered to pay an
administrative penalty of $10,000 and costs of $1,000.
The ASC panel found that between 2002 and 2003, Sanford raised over
$100,000 by illegally selling securities of Pride Resources Ltd.
Sanford was previously sanctioned by the ASC in a related matter
involving China Industrial Waste Management Inc., formerly Goldtech Mining
Corporation (Nevada) (see Re Sanford, 2007 ABASC 115).
In its decision, the ASC panel stated that Sanford's conduct "...brought
into question the integrity and reputation of the Alberta capital market and
is deserving of sanction."
A copy of the decision is posted 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: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488