ASC Seeks Trading Ban Against B.C. Investment Promoters



    CALGARY, Oct. 9 /CNW/ - Staff of the Alberta Securities Commission (ASC)
are seeking to reciprocate a British Columbia Securities Commission (BCSC)
order against British Columbia residents Kevin Steele, Wallace Fulkco and
David Fulkco. In reaching settlement agreements with the BCSC, the respondents
admitted to violating securities laws when they solicited investors to
participate in a scheme involving commodity futures contract trading.
    The three respondents are subject to March 31, 2008 BCSC orders that:
    
    -  permanently prohibit Kevin Steele from trading or purchasing
       securities and acting as a director or officer of any issuer;

    -  prohibit Wallace Fulkco from trading or purchasing securities and
       acting as a director or officer of any issuer for a period of 10
       years; and

    -  prohibit David Fulkco from trading or purchasing securities and acting
       as a director or officer of any issuer for a period of 15 years.
    

    ASC staff allege that the respondents have been active in the Alberta
capital market.
    It is anticipated that an ASC panel will consider this matter in November
2008.
    A copy of the Notice of Application 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) 297-4481; For Investor Inquiries: ASC Public
Inquiries, Toll Free 1-877-355-4488


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