CALGARY, Oct. 19 /CNW/ - The Alberta Securities Commission (ASC) is
seeking to ban Douglas Arnold Clarke and Bick Financial Services Inc. of
British Columbia from the Alberta capital market.
In the Notice of Hearing, ASC staff seek reciprocal orders in Alberta
similar to sanctions imposed on October 17, 2006 by the British Columbia
Securities Commission (BCSC) against Clarke and Bick Financial Services Inc.
The BCSC banned Clarke 20 years from buying or selling securities except in
limited circumstances or acting as a director or officer of any issuer.
The hearing is scheduled for November 7, 2007 and will be conducted under
the reciprocal enforcement provisions of the Alberta Securities Act.
A copy of the Notice of Hearing outlining the allegations in their
entirety is available 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.
For further information:
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