CALGARY, Sept. 23 /CNW/ - The Alberta Securities Commission (ASC) is seeking to reciprocate a Saskatchewan Financial Services Commission (SFSC) sanction imposed against Saskatchewan resident, Klaus Link and Saskatchewan based corporation, Tri-Link Consultants Inc., for securities laws violations.
The SFSC order, dated April 22, 2009, permanently prohibits Link and Tri-Link Consultants Inc. from trading and advising in all securities and exchange contracts and denies them all exemptions applicable under Saskatchewan securities laws as a result of their involvement in the illegal distribution and unregistered trading of securities.
ASC staff allege that the investors to whom Link and Tri-Link Consultants illegally distributed securities included Alberta residents.
It is anticipated that the ASC panel will consider this application in December 2009.
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.
SOURCE Alberta Securities Commission
For further information: For further information: For Media Inquiries: Tamera Van Brunt, Director, Communications & Investor Education, (403) 297-2664; For Investor Inquiries: ASC Public Inquiries, Toll Free 1-877-355-4488