CALGARY, March 6 /CNW/ - The Alberta Securities Commission (ASC) has
imposed a six-month trading ban on Edmonton resident Timothy Michael Lawler
and his company Daystar Holdings Inc. for the illegal distribution of
securities of Coadum Capital Fund 1, LLC, a Delaware company. An ASC panel
also prohibited Lawler and Daystar from using any exemptions under Alberta
securities laws for a period of six months and ordered that Lawler and Daystar
jointly pay an administrative penalty of $20,000 and costs of $6,000.
Daystar and Lawler admitted that they solicited Alberta residents through
newspaper advertisements and seminars, offering an investment in Coadum that
promised a secure principal and earnings of up to 8% per month. Neither Lawler
nor Daystar were registered with the ASC, and no prospectus was ever filed
with the ASC on behalf of Coadum. The panel ruled that Lawler and Daystar's
conduct "brought into question the integrity and reputation of the Alberta
capital market and is deserving of sanction."
A copy of this decision in its entirety is posted 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, email@example.com; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488