CALGARY, Dec. 21 /CNW/ - The Alberta Securities Commission (ASC) is
warning investors to be wary of promoters using seminars, e-mails and cold
calls to sell unregistered securities in a company developing real estate in
Mexico. Kelly Friesen of Warman, Saskatchewan and Mexico-based Landbankers
International MX, S.A. de C.V. are currently under a cease trade order in
Saskatchewan related to allegations they made prohibited representations and
sold Landbankers securities without registration.
The ASC has learned that Landbankers and Friesen held at least one
seminar in Alberta soliciting investment in the Landbankers Mexican real
estate venture. Neither Landbankers nor Friesen are registered with the ASC to
operate in Alberta.
To help the ASC protect investors, anyone who has knowledge about this
type of investment seminar is asked to contact the ASC Public Inquiries group
"Investors have to protect themselves and do their homework," says ASC
Executive Director Dave Linder. "Check out the investment opportunity and the
company and agents soliciting the investment - particularly when dealing with
an unregistered offshore company."
Some investment "Red Flags" to watch for:
- Paid advertisements that are designed to look like legitimate news
- Talk of tax avoidance, moving money offshore or using RRSP
eligibility as a hook.
- Above average returns with little or no risk.
- Offer of loans to cover both the investment and further investment
- Claims of a secret or exclusive technique for building wealth.
- Limited time offer that discourages investors from getting
independent advice or checking further with provincial securities
For more information on how to Check First before you invest your hard
earned money, visit our 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481, firstname.lastname@example.org; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488