BCSC makes reciprocal orders: market bans based on three Alberta decisions



    VANCOUVER, July 17 /CNW/ - British Columbia Securities Commission panels
have made reciprocal orders in three decisions against 20 individuals who were
sanctioned by the Alberta Securities Commission.

    The following individuals are subject to orders made by BCSC panels that
are based on Alberta Securities Commission (ASC) orders made in 2007:

    
    -   David Campbell, Carlos Da Silva, Tim McCarty, Jacob Moore,
        Ove Simonsen, Eric O'Brien, Hank Ulfan, Rick Clynes,
        Al Grossman (aka Abraham Herbert Grossman and Allen Grossman),
        William Rouse, Ron Gardner (aka Ron Garner), Dianna Cassidy,
        Robert Geller, George Schwartz, Harry Gray, Bill Tevruchte,
        Carlos Carvao, Brent Madinger, Peter Robinson and Jackie Thomas.

    BCSC commission panels may make reciprocal enforcement orders following a
streamlined process when another security regulatory authority has imposed
sanctions on a person. Commission panel reciprocal enforcement orders impose
market bans on individuals or companies, which can include one or more of the
following sanctions:

    -   cease trading in and purchasing securities and exchange contracts;
    -   a prohibition from becoming or acting as a director or officer of any
        issuer, registrant or investment fund manager;
    -   a prohibition from becoming or acting as a registrant, investment
        fund manager or promoter;
    -   a prohibition from acting as a manager or consultant in the
        securities market; and
    -   a prohibition from engaging in investor relations activities

    Under the BCSC enforcement orders:

              -  Campbell is subject to market bans until Dec. 12, 2015;
                 Da Silva is subject to market bans until Dec. 12, 2017;
                 Clynes and McCarty are subject to market bans until
                 Dec. 12, 2010; Ulfan is subject to market bans until
                 Dec. 12, 2014; and Moore, Simonsen and O'Brien are subject
                 to market bans until Dec. 12, 2012. The BCSC orders
                 (BCSECCOM 405) are based on an ASC decision in
                 Limelight Entertainment Inc., Re, 2007 ABASC 914

              -  Grossman is subject to market bans until Nov. 6, 2027;
                 Gardner is subject to market bans until Nov. 6, 2012; Rouse,
                 Cassidy and Geller are subject to market bans until
                 Nov. 6, 2010. The BCSC orders (BCSECCOM 404) are based on an
                 ASC decision in Maitland Capital Ltd., Re, 2007 ABASC 818.

              -  Schwartz is subject to market bans until May 31, 2017;
                 Carvao is subject to market bans until May 31, 2010; and
                 Gray, Tevruchte, Madinger, Robinson and Thomas are subject
                 to market bans until May 31, 2012. The BCSC orders
                 (BCSECOMM 403) are based on an ASC decision in
                 Euston Capital Corp., Re, 2007 ABASC 338.
    

    For more information on the BCSC orders and ASC decisions use the name of
the individual or document references to conduct a search at www.bcsc.bc.ca or
www.albertasecurities.com.

    The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the province.
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