CALGARY, Dec. 18 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated a British Columbia Securities Commission (BCSC) order and banned trading in Goldstone Private Equity Partners Limited Partnership securities until the BCSC order is revoked.
An ASC panel based the reciprocal order on a March 11, 2009 BCSC order that banned trading in Goldstone Private Equity Partners Limited Partnership securities until the company files an updated offering memorandum with the BCSC and the BCSC's Executive Director revokes the cease trade order. The ASC panel also noted evidence from ASC Staff that in 2007 and 2008 Goldstone Private Equity Partners Limited Partnership raised approximately $2.45 million from 53 Alberta investors.
The ASC panel concluded that reciprocating the BCSC order would serve to 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