ASC panel dismisses illegal insider trading allegations against Somji

CALGARY, Oct. 23, 2012 /CNW/ - An Alberta Securities Commission (ASC) panel has dismissed allegations of illegal insider trading against Edmonton businessman Nizar Jaffer Somji.

A copy of the decision 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 Media Inquiries: 
Mark Dickey
Senior Communications Advisor
403.297.4481

For Investor Inquiries: 
ASC Public Inquiries
Toll Free 1.877.355.4488