ASC Staff Allege Florida-Based Company Illegally Advising and Selling Securities

    CALGARY, May 28 /CNW/ - The Alberta Securities Commission (ASC) has
issued a Notice of Hearing alleging that Florida-based Global Trading Center
LLC, Harris Shapiro and Kaye Simone Webster White breached Alberta securities
laws by illegally selling securities and providing advisory services to
Alberta residents.
    ASC staff allege that during 2007 and 2008, Global Trading Center,
Shapiro and White opened trading accounts and sold approximately $180,000 of
securities to at least 16 Alberta investors without being registered to do so
with the ASC and without applicable exemption to the registration
    An appearance to set a date for hearing will be held on July 9, 2009 at 9
a.m. in the ASC Hearing Room, 6th Floor, 300 - 5 Avenue SW, Calgary, Alberta.
    A copy of the Notice of Hearing 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: Mark Dickey, Senior
Communications Advisor, (403) 297-4481; For Investor Inquiries: ASC Public
Inquiries, Toll Free 1-877-355-4488

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