ASC charges Amarinder Singh Lall with fraud in Provincial Court

CALGARY, Nov. 30, 2011 /CNW/ - Amarinder Singh Lall, also known as Mark Lall, has been charged with fraud in the Provincial Court of Alberta.  The Alberta Securities Commission (ASC) brought forward the fraud allegation, which is one of ten charges it laid in connection with the illegal sale of securities issued by either Lall or Laxum Capital LLP. The other charges include making misleading statements, acting as an advisor without being registered, trading in securities without being registered, and distributing securities without a prospectus or applicable exemption.

Lall will make a first appearance in Provincial Court in connection with these charges on December 20, 2011.

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 Media Inquiries:

Mark Dickey
Senior Communications Advisor

For Investor Inquiries:

ASC Public Inquiries
Toll Free 1.877.355.4488


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