CALGARY, Nov. 7 /CNW/ - Alberta Securities Commission (ASC) staff are
seeking a market ban against Enrique Rempel, a.k.a Henry Rempel, of
Abbotsford, British Columbia alleging Rempel poses a risk to Alberta investors
and the Alberta capital market.
In the Notice of Hearing, ASC staff seek reciprocal orders in Alberta
similar to sanctions imposed against Rempel on June 29, 2007 by the British
Columbia Securities Commission (BCSC). The BCSC banned Rempel from buying or
selling securities, except in limited circumstances, or acting as a director
or officer of any issuer, for a period of 12 years. The BCSC found that Rempel
sold approximately $3.57 million in securities to approximately 37 investors,
including Alberta residents. He admitted to not being registered to trade in
securities and distributing securities without a prospectus.
The hearing is scheduled for November 28, 2007 and will be conducted
under the reciprocal enforcement provisions of the Alberta Securities Act.
A copy of the Notice of Hearing outlining the allegations in their
entirety 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.
For further information:
For further information: For Media Inquiries: Mark Dickey, Senior
Communications Advisor, (403) 297-4881, firstname.lastname@example.org; For Investor
Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488