CALGARY, Feb. 26, 2014 /CNW/ - Alberta Securities Commission (ASC) staff are seeking to reciprocate an order imposed by the Ontario Securities Commission (OSC) against Richard Bruce Moore.
In April 2013, the OSC reached a settlement agreement with Moore, who admitted to engaging in illegal insider trading in contravention of Ontario securities law. This followed a parallel investigation by the United States Securities and Exchange Commission, which reached a similar settlement with Moore.
Under the OSC settlement agreement, subject to certain exceptions, Moore is prohibited from trading securities and acting as an officer or director of a public company for a period of ten years and prohibited from becoming a registrant or an officer and director of a registrant for 15 years.
ASC staff seek to reciprocate the OSC order to ensure the same capital market prohibitions are applied against Moore in Alberta.
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
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