CALGARY, March 9, 2012 /CNW/ - The Executive Director of the Alberta Securities Commission (ASC) has extended the registration suspension of Frank Capital Partners Inc., an Exempt Market Dealer. Frank Capital Partners' registration is suspended until a hearing has been held to determine whether to re-instate or terminate its registration. A date has not been set for this hearing.
Frank Capital Partners consented to the continued suspension as it attempts to address the ASC's concerns and correct its deficiencies. Frank Capital Partners and its individual sales representatives remain prohibited from carrying on the activities of a registered dealer of securities.
Investors should not deliver money for securities or investment purposes to Frank Capital Partners while the suspension order is in effect. Anyone who has concerns about Frank Capital Partners is asked to contact the ASC Public Inquiries Office at 403-355-4151 or 1-877-355-4488.
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 Media Inquiries:
Senior Communications Advisor
For Investor Inquiries:
ASC Public Inquiries
Toll Free 1.877.355.4488