CALGARY, May 17, 2013 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated orders imposed by the New Brunswick Securities Commission (NBSC) on Steven Vincent Weeres and Rebekah Donszelmann (a.k.a. Rebekah Louise Weeres) of Alberta.
An ASC panel ordered that Weeres be permanently banned from trading in securities, using Alberta securities laws exemptions and acting as a director or officer of any issuer. The ASC panel also ordered that Donszelmann be banned from trading in securities, using Alberta securities laws exemptions and acting as a director or officer of any issuer for 20 years from March 15, 2012.
In November 2011, an NBSC panel found that Weeres and Donszelmann traded in and distributed securities without being registered and without a prospectus, and that Weeres made prohibited representations and misrepresentations, and defrauded an investor.
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
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