CALGARY, Sept. 5 /CNW/ - The Alberta Securities Commission (ASC) has
extended an August 20, 2007 interim cease trade order against Calgary resident
David Del Bianco until a hearing is concluded and a decision rendered.
The ASC panel heard evidence that Del Bianco had engaged in a trade of
Equal Rights Legal Defence Alliance Inc. shares in May 2007 to a Sylvan Lake
resident, and that he solicited further investments on August 8, 2007. In its
decision, the ASC panel determined that Del Bianco's continued activity in the
Alberta capital market "poses a current threat to the investing public and the
integrity of our capital markets as a whole."
The interim cease trade order prohibits Del Bianco from trading in all
securities and from using any Alberta securities law exemptions. No order was
made against Equal Rights as its securities are subject to an ongoing cease
trade order dating back to February 14, 2003.
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, (403) 297-4296, Toll Free 1-877-355-4488