CALGARY, Feb. 19, 2014 /CNW/ - Alberta Securities Commission (ASC) staff have issued a Notice of Hearing ("Notice") alleging that Candice Anne Graf and Homerun International Inc. ("Homerun") breached Alberta securities laws by perpetrating a fraud on and making misrepresentations to investors.
ASC staff allege that the fraud occurred when Graf and Homerun used investor funds for purposes that were unrelated to the investment. This caused investors to lose their invested capital or increased the risk that such capital would be lost. ASC staff further allege that the misrepresentations made by Graf and Homerun were untrue or misleading because they stated that certain promissory notes were secured by land when no such security existed.
ASC staff also allege that Graf, Jessica Elizabeth Bennett and various Homerun-related companies breached Alberta securities laws by illegally trading and/or distributing securities in Alberta, and that Christopher Robert Hayward acted contrary to the public interest.
An appearance to set a date for a hearing will be held on March 12, 2014 at 2 p.m. in the ASC Hearing Room, 5th Floor, 250 - 5th Street SW, Calgary, Alberta.
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
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