CALGARY, Sept. 1 /CNW/ - Calgary businessman Robert John Sellars has been
charged with six offences in the Provincial Court of Alberta for allegedly
breaching a 2006 Alberta Securities Commission (ASC) order. On November 28,
2006, the ASC found that Sellars engaged in an illegal distribution of Hampton
Court Resources Inc. securities and made a prohibited representation to an
investor. As a result, the ASC banned Sellars from trading securities or using
Alberta securities laws exemptions for two years.
Sellars is accused of four counts of trading in securities while
prohibited from doing so, one count of trading in securities without being
registered with the ASC and one count of trading in securities without filing
a prospectus or using an appropriate exemption.
The charges relate to Sellars' involvement in the distribution of "Fixed
Rate Term Notes" issued by his company, Sellars Financial Inc., from 2003 to
Sellars and Sellars Financial are currently under an ASC Interim Cease
Trade Order that prohibits them from trading any securities or relying on any
Alberta securities laws exemptions.
Sellars' first appearance in the Provincial Court of Alberta is scheduled
for October 19, 2009 at 8:30 a.m. in Courtroom 308 of the Calgary Courts
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