CALGARY, Feb. 16, 2017 /CNW/ - Alberta Securities Commission (ASC) staff have issued a Notice of Hearing alleging that Jason Michael Currey, The Healthy Retirement Group Inc. (HRG), Sunset Creek Resources Inc., and 1826487 Alberta Ltd. (182) engaged in a course of conduct which they knew, or ought to have known, perpetrated a fraud on investors.
ASC Staff allege that the respondents engaged in illegal trades of Sunset and 182 securities, and misappropriated significant amounts of the investor funds raised. Staff also allege that Currey and HRG acted illegally as advisers in securities, by providing advice to investors about buying and selling securities without being registered. The respondents raised approximately $3.2 million through sales of securities to nine Alberta investors.
The allegations have not been proven.
An Interim Order, issued on June 7, 2016 and extended on June 21, 2016, prohibits all trading in securities issued by HRG, Sunset and 182. Currey and the companies are also prohibited from trading in all securities and using any Alberta securities laws exemptions, and Currey is prohibited from advising in securities. The Interim Order remains in effect until the proceedings commenced by the Notice of Hearing have concluded.
An appearance to set a date for a hearing will be held on March 21, 2017 at 9:30 a.m. in the ASC Hearing Room on the 5th floor, 250 – 5 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
For further information: For Media Inquiries: Nicole Tuncay, Senior Communications Advisor, 403.297.4008; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488