CALGARY, Feb. 23 /CNW/ - Alberta Securities Commission (ASC) staff are
seeking to reciprocate an order similar to one issued by the Manitoba
Securities Commission (MSC) against Ontario-based Triclean Enterprises Inc.
The December 17, 2008 MSC temporary Cease Trade Order alleges that
Triclean Enterprises Inc. contravened Manitoba securities laws by illegally
trading and distributing securities without a prospectus and proper
registration. The MSC order will remain in effect until the matter has been
heard by a MSC panel and a decision rendered.
ASC staff allege that Triclean Enterprises has been active in the Alberta
capital market and solicited Alberta investors. Triclean Enterprises is not
registered with the ASC to trade securities.
It is anticipated that an ASC panel will consider this matter in April
A copy of the Notice of Hearing 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