CALGARY, Sept. 20 /CNW/ - The Alberta Securities Commission (ASC) has
issued a permanent cease trade order against Cheryl-Lynn Braun of Edmonton.
The ASC panel issued this order after the Alberta Court of Queen's Bench
convicted Braun in April 2007 of defrauding Albertan investors and sentenced
her to seven years imprisonment. Between January 2002 and July 2004, Braun
raised over $22 million from 89 investors. The majority of the money was lost
by Braun in Edmonton-area casinos or used on personal expenses.
The ASC order permanently prohibits Braun from trading in any securities
and permanently prohibits her from using any exemptions available under
Alberta securities laws.
A copy of the ASC decision is available on the ASC website at
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: Tamera Van Brunt,
Director, Communications and Investor Education, (403) 297-2664; For Investor
Inquiries: ASC Public Inquiries, (403) 297-4296, Toll Free 1-877-355-4488