CALGARY, June 13, 2013 /CNW/ - The Alberta Securities Commission (ASC)
has reciprocated bans ordered by the British Columbia Securities
Commission (BCSC) against Daniel Scammell, Casper de Beer (a.k.a. Casha
de Beer), VerifySmart Corp. (formerly Verified Capital Corp.) and
Verified Transactions Corp.
In May 2012, the BCSC sanctioned Scammell, de Beer, VerifySmart and
Verified Transactions for trading in securities without registration
and distributing those securities without a prospectus.
An ASC panel ordered, among other things, that all trading in or
purchasing in VerifySmart and Verified Transactions securities must
permanently cease. It further ordered that Scammell and De Beer be
banned from trading in or purchasing securities (with limited
exceptions), becoming or acting as a registrant or promoter, acting in
a management or consultative capacity in connection with activities in
the securities markets, and disseminating to the public any
communications, by or on behalf of any issuer, promoting the purchase
or sale of that issuer's securities. Those bans are to be in effect
until the later of May 14, 2017 or such earlier date as the BCSC
sanctions may come to an end.
In its decision, the ASC panel noted that it was satisfied that the
public interest in Alberta would be served by reciprocating sanctions
imposed by the BCSC and that "this misconduct was not restricted to one
province: the evidence is that numerous Alberta residents were among
the investors harmed."
A copy of the decision is available on the ASC website at www.albertasecurities.com.
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
SOURCE: Alberta Securities Commission
For further information:
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