ASC Orders 12-Year Trading Ban Against Calgarian Roy Jennix

    CALGARY, Aug. 4 /CNW/ - The Alberta Securities Commission (ASC) has
ordered a 12-year trading ban against Calgary resident Roy Jennix for illegal
sales of Carling Development Inc., Carling Development (B.C.) Inc. and Rundle
Development Cooperative securities. Jennix was a controlling mind of Integra
Investment Service Ltd., which marketed the securities. These illegal sales
raised as much as $16 million, apparently from approximately 290 Albertans.

    An ASC panel ordered that Jennix:

    -   be banned from trading in or purchasing securities or exchange
        contracts and be denied the use of Alberta securities laws exemptions
        for 12 years;
    -   be banned from acting as a director or officer of any issuer for 12
    -   pay an administrative penalty of $50,000; and
    -   pay $40,000 towards investigation and hearing costs.

    A copy of the decision is available 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public
Inquiries, Toll Free 1-877-355-4488

Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890