CALGARY, Aug. 24, 2012 /CNW/ - The Alberta Securities Commission (ASC) has issued an Interim Cease Trade Order against Steven Rolf Fassmann (a.k.a. Steven Krueger), Anneliese Anna Ella Fassmann, Sagess Exploration Ltd., BMM Resources Ltd. and FAMA (or Fama) Capital Ltd. An ASC panel issued the Interim Cease Trade Order after considering evidence from ASC staff suggesting that, among other things, the named parties illegally distributed Sagess Exploration and BMM Resources securities.
The Interim Cease Trade Order prohibits all trading in Sagess Exploration, BMM Resources and FAMA Capital securities. Under the Interim Cease Trade Order, the named parties are also prohibited from trading in all securities and are denied the use of all Alberta securities laws exemptions.
This Interim Cease Trade Order will expire on September 6, 2012 unless it is extended by the ASC.
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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