CALGARY, Jan. 8 /CNW/ - The Alberta Securities Commission (ASC) has extended an Interim Cease Trade Order against Focused Money Solutions Inc. and Victor George DeLaet to February 22, 2010. The Order is based on allegations that Focused Money Solutions Inc. and DeLaet have made untrue or misleading statements to investors.
The Interim Cease Trade Order prohibits all trading in Focused Money Solutions securities and prohibits Focused Money Solutions and DeLaet from trading in any securities or relying on any Alberta securities laws exemptions.
The next appearance has been scheduled for 9 a.m., February 22, 2010 in the ASC Hearing Room on the 6th Floor, 300 - 5th Avenue S.W., Calgary, Alberta. At that time, an ASC panel will consider whether to extend the Interim Cease Trade Order until a full hearing into this matter is concluded and a decision rendered.
Copies of the Extended Interim Cease Trade Order, Interim Cease Trade Order and Notice of Hearing related to this case 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