CALGARY, Sept. 16, 2013 /CNW/ - The Alberta Securities Commission (ASC) has issued a cease trade order against Crossroads-DMD Mortgage Investment Corporation. The cease trade order was issued after ASC staff determined that Crossroads-DMD Mortgage Investment Corporation's offering memorandum dated May 30, 2013 and certain reports of exempt distributions were not completed in accordance with Alberta securities laws.
The cease trade order prohibits all trading or purchasing in Crossroads-DMD Mortgage Investment Corporation securities until the cease trade order has been revoked or varied.
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
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