ASC sanctions Sherry Hagerty for making an untrue statement to ASC investigators

CALGARY, Sept. 4, 2014 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Sherry Hagerty for making an untrue statement to ASC investigators. An ASC panel ordered Hagerty to pay an administrative penalty of $20,000 and $7,500 of the investigation and hearing costs.

In handing down the sanction, the ASC panel noted: "The appropriate administrative penalty must be sufficient in quantum to serve as a stern, and memorable, reminder – to Hagerty and to others who might be inclined [to] make untrue statements to Staff investigators – that this type of misconduct comes at a cost better avoided by truthfulness."

In a June 2014 decision, an ASC panel dismissed other allegations against Hagerty and her spouse.

A copy of this decision can be found on the ASC website at

The ASC is the regulatory agency responsible for administering the province's securities laws.  It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting 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, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488



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