ASC reciprocates bans against Great White Capital Corp. and Adam Keller

CALGARY, Sept. 21, 2011 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated a British Columbia Securities Commission (BCSC) decision and issued bans against Great White Capital Corp. and Adam Keller.

An ASC panel has ordered that Great White Capital and Keller be permanently banned from: trading in or purchasing securities or exchange contracts; becoming or acting as a registrant, investment fund manager or promoter; and disseminating to the public any oral or written communications, by or on behalf of any issuer, that promote or reasonably could be expected to promote the purchase or sale of securities of such issuer.

In addition, the ASC panel ordered that Keller be permanently banned from becoming or acting as a director or officer of any issuer, registrant or investment fund manager, and acting in a management or consultative capacity in connection with securities market activities. All trading in securities of Great White Capital must also permanently cease.

In its June 27, 2011 decision, the BCSC found that Keller and Great White Capital perpetrated a fraud, and Keller lied to investors, provided them with false account summaries, and failed to protect or return investors' funds as promised. The BCSC also found that Keller did not invest the more than $500,000 he solicited from B.C. and Alberta investors, but instead used the funds for personal purposes.

A copy of the ASC panel's decision is available on the ASC website at

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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