CALGARY, Sept. 2, 2016 /CNW/ - Kenneth Charles Fowler appeared in Calgary Provincial Court on August 29, 2016, where he was granted bail subject to conditions.
On January 24, 2014, the Alberta Securities Commission (ASC) charged Fowler with fraud and other securities offences in relation to the sale of securities in The Investment Exchange Mortgage Corporation. Fowler was arrested in Mexico and deported to Canada in January 2016. Fowler was held in custody in Calgary from January 2016.
In addition to travel and other prohibitions, the Court ordered that Fowler be prohibited from the following:
- trading in any securities or derivative unless trading through a registered dealer;
- engaging in investor relations activities; and
- acting as a director of any issuer.
A trial on this matter is set to commence in May 2017.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting 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 Media Inquiries: Nicole Tuncay, Senior Communications Advisor, 403.297.4008; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488