CALGARY, June 20, 2013 /CNW/ - The Alberta Securities Commission (ASC)
has reciprocated orders imposed by the British Columbia Securities
Commission (BCSC) against Myron Sullivan II (a.k.a Fred Myron George
Sullivan), Global Response Group (GRG) Corp., and IMC-International
Marketing of Canada Corp.
An ASC panel ordered, among other things, that Sullivan, Global Response
Group, and IMC-International Marketing of Canada be permanently banned
from trading in or purchasing securities, acting as a registrant 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. The ASC panel also ordered that all trading
in or purchasing of Global Response Group and IMC-International
Marketing of Canada securities must permanently cease.
The BCSC found that the named parties illegally distributed securities,
Sullivan knowingly made untrue statements while promoting Global
Response Group, and Sullivan and Global Response Group perpetrated a
fraud on investors.
The ASC panel stated that "the evidence is that Alberta residents were
among the affected investors. This indicates that the misconduct
crossed provincial boundaries - an example of the sort of circumstance
that the reciprocation power was designed to address."
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:
For Media Inquiries: Mark Dickey
Senior Communications Advisor
For Investor Inquiries: ASC Public Inquiries
Toll Free 1-877-355-4488