CALGARY, Jan. 7 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated a Manitoba Securities Commission (MSC) order and permanently banned Ontario-based Triclean Enterprises Inc. from using any registration exemption contained in Alberta securities laws.
On August 24, 2009, the MSC issued orders against Triclean Enterprises as a result of its unregistered trading in securities and improper use of the accredited investor exemption. ASC staff presented an ASC panel with evidence of capital market activity by Triclean Enterprises in Alberta. The ASC panel was persuaded that reciprocating the MSC Order will protect Alberta investors and the Alberta capital market.
A copy of the decision is 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.
SOURCE Alberta Securities Commission
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