ASC Alleges Illegal Insider Trading by Oil and Gas Operations Manager
ASC staff allege that Wilson, who was Alberta Clipper's operations manager, purchased company shares in July and September of 2006 with knowledge of favourable oil and gas production testing results and an intended land purchase that had yet to be disclosed to the public. ASC staff allege that by illegally using this insider knowledge to purchase shares, Wilson was able to realize a total profit of over
An appearance to set a date for hearing in
A copy of the Notice of Hearing can be found 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 markets.
SOURCE Alberta Securities Commission
For further information: 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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