CALGARY, Feb. 24 /CNW/ - The Alberta Securities Commission (ASC) has
issued an interim cease trade order against Lethbridge businessman Robert
Michael Smylski and Smylski Consulting Services Ltd. (operating as Money
Solutions) regarding an alleged illegal trading and distributions of
The ASC interim cease trade order is in effect for 15 days and prohibits
Smylski and Smylski Consulting Services from trading in any securities and
from using Alberta securities laws exemptions. An ASC panel issued the interim
cease trade order after hearing evidence from ASC staff that Smylski and
Smylski Consulting Services engaged in the sale of securities to Alberta
investors without registration and without a prospectus or an appropriate
An ASC panel will consider whether or not to extend the interim order at
9 a.m., March 6, 2009 in the ASC Hearing Room on the 6th Floor, 300 - 5th
Avenue, Calgary, Alberta.
A copy of the interim cease trade order and the Notice of Hearing
outlining the allegations can be found 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.
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