CALGARY, Oct. 24, 2014 /CNW/ - The Alberta Securities Commission (ASC) has concluded a settlement agreement with Alberta resident Jessica Elizabeth Bennett related to illegal trades and distributions of Homerun International Inc., Homerun Capital Corp., Homerun Equities Inc., Homerun Capital II Corp., Homerun Equities II Inc., 1484106 Alberta Ltd., 1496044 Alberta Ltd., 1515997 Alberta Ltd. and 1539149 Alberta Ltd.
Under the Settlement Agreement, Bennett paid the ASC $20,000 and agreed to refrain from trading in securities (with limited exceptions), using any exemptions contained in Alberta securities laws and not to act as a director or officer of any issuer, registrant or investment fund manager in Alberta for 10 years.
In the Settlement Agreement, Bennett admitted to engaging in illegal trades of Homerun International Inc., Homerun Capital Corp., and Homerun Equities Inc. securities and illegal distributions of these securities as well as those of Homerun Capital II Corp., Homerun Equities II Inc., Homerun Issuers, 1484106 Alberta Ltd., 1496044 Alberta Ltd., 1515997 Alberta Ltd. and 1539149 Alberta Ltd.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting 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 further information: For Media Inquiries: Mark Dickey, Senior Communications Advisor, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488