BCSC issues market bans based on Alberta Securities Commission orders



    VANCOUVER, June 20 /CNW/ - British Columbia Securities Commission panels
have made reciprocal orders in five separate decisions against 11 individuals
who violated Alberta securities laws. The BCSC orders are based on Alberta
Securities Commission (ASC) orders made in 2007 and 2008.

    
    Under the BCSC order that is based on a March 12, 2008 ASC decision in
Innovative Energy Solutions, Inc., Re, 2008 ABASC 136:

    -   Patrick Joseph Cochrane is banned, with limited exceptions, from B.C.
        capital markets for 10 years. He is also prohibited, with limited
        exceptions, from being a director or officer of any issuer,
        registrant or investment fund manager, being a registrant, investment
        fund manager or promoter, and from engaging in investor relations
        activities in B.C., for the same period.

    Under the BCSC order that is based on an April 10, 2008 ASC decision in
TSS Management Corp., Re, 2008 ABASC 215:

    -   Sidney John Reisner and Gregory Daniel MacPherson are banned, with
        limited exceptions, from B.C. capital markets for three years. They
        are also each prohibited, with limited exceptions, from being a
        director or officer of any issuer, registrant or investment fund
        manager, being a registrant, investment fund manager or promoter, and
        from engaging in investor relations activities in B.C., for the same
        period.

    Under the BCSC order that is based on a Jan. 25, 2008 ASC decision in
Genoray Advanced Technologies Ltd., Re, 2008 ABASC 52:

    -   Richard George Kearl is banned, with limited exceptions, from B.C.
        capital markets for 15 years, and Wyatt Gordon McNabb is banned, with
        limited exceptions, for five years. They are also each prohibited,
        with limited exceptions, from being a director or officer of any
        issuer, registrant or investment fund manager, being a registrant,
        investment fund manager or promoter, and from engaging in investor
        relations activities in B.C., for the same period of their respective
        market bans.
    -   Douglas Andrew Nesbitt is prohibited, with limited exceptions, from
        being a director or officer of any issuer, registrant or investment
        fund manager, being a registrant, investment fund manager or
        promoter, and from engaging in investor relations activities in B.C.,
        for 10 years. He is also prohibited from acting as a manager or
        consultant in connection with the securities market for the same
        period.
    -   Ross Vincent Bayne cannot trade or purchase securities in B.C., with
        limited exceptions, for three years.

    Under the BCSC order that is based on an Oct. 10, 2007 ASC decision in
Atlas Communications Inc., Re, 2007 ABASC 749:

    -   George Oscar Amyotte is banned, with limited exceptions, from B.C.
        capital markets for 20 years. He is also prohibited, with limited
        exceptions, from being a director or officer of any issuer,
        registrant or investment fund manager, being a registrant, investment
        fund manager or promoter, and from engaging in investor relations
        activities in B.C., for the same period.

    Under the BCSC order that is based on a Nov. 5, 2007 ASC order regarding
Topsis Investments Canada Inc., Re, 2007 ABASC 811:

    -   Forbes John McLeod and Larry Kenneth McLeod are banned, with limited
        exceptions, from B.C. capital markets for 25 years. They are also
        each prohibited, with limited exceptions, from being a director or
        officer of any issuer, registrant or investment fund manager, being a
        registrant, investment fund manager or promoter, and from engaging in
        investor relations activities in B.C., for the same period.
    -   Delmer Allen Watt cannot trade or purchase securities in B.C., with
        limited exceptions, for 10 years.
    

    Under Section 161(6)(c) of the B.C. Securities Act, the commission "may,
after providing an opportunity to be heard, make an order under subsection (1)
in respect of a person if the person has been found by a securities regulatory
authority or court in another jurisdiction to have contravened the laws of the
jurisdiction respecting trading in securities or exchange contracts."
    A copy of the ASC decisions are available at www.albertasecurities.com.

    The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the province.
You may view the BCSC decisions on our website www.bcsc.bc.ca by typing in the
search box the names of the individuals identified above, or 2008 BCSECCOM
332, 333, 338, 339 or 343. If you have questions, contact Ken Gracey, Media
Relations, 604-899-6577.
    Learn how to avoid investment fraud at the BCSC's investor education
website: www.investright.org.





For further information:

For further information: Ken Gracey, (604) 899-6577, or (B.C. & Alberta)
1-800-373-6393


Custom Packages

Browse our custom packages or build your own to meet your unique communications needs.

Start today.

CNW Membership

Fill out a CNW membership form or contact us at 1 (877) 269-7890

Learn about CNW services

Request more information about CNW products and services or call us at 1 (877) 269-7890