ASC Imposes Three-Year Market Ban and $20,000 Penalty on John David Williams



    CALGARY, March 1 /CNW/ - The Alberta Securities Commission (ASC) has
ordered a three-year market ban (with exceptions), payment of a $20,000
administrative penalty and $3,000 in costs from John David Williams of
Cochrane, Alberta. Williams is also prohibited from becoming or acting as a
director or officer of any reporting issuer for three years.
    The ASC panel found that Williams had raised approximately $106,500
through illegal distribution of securities to 10 Alberta residents and made
prohibited representations to investors.
    In its decision, the ASC panel stated it imposed the sanctions "...with a
view both to specific deterrence of future misconduct by Williams himself and
general deterrence to others who might otherwise be minded to act similarly."
    A copy of the decision will be 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 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 1-877-355-0585


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