BCSC panels reciprocate ASC and OSC enforcement orders

    VANCOUVER, April 24 /CNW/ - British Columbia Securities Commission panels
have reciprocated enforcement orders against five individuals sanctioned by
securities commissions in Alberta and Ontario.
    The Alberta Securities Commission imposed sanctions on Milowe Brost, Edna
Forrest, Carol Weeks and Bradley Regier in a decision rendered July 10, 2007
in Capital Alternatives Inc., Re, 2007 ABASC 482. The BCSC panel reciprocated
the ASC orders against the four individuals, banning them from participating
in B.C.'s capital markets.
    The Ontario Securities Commission imposed sanctions on May 5, 2008
against John Alexander Cornwall, David Simpson, Jerome Stanislaus Xavier, CGC
Financial Services Inc. and First Financial Services. The BCSC has
reciprocated the OSC order against Cornwall, permanently banning him from
participating in B.C.'s capital markets. The BCSC reciprocated OSC enforcement
orders against Simpson and Xavier in January 2009.
    The BCSC makes reciprocal enforcement orders following a streamlined
process when another commission has imposed sanctions on a person or the
person has agreed with another commission to be sanctioned. BCSC orders can
include one or more of the following sanctions:
    -   cease trading in and purchasing securities and exchange contracts;
    -   a prohibition from becoming or acting as a director or officer of any
        issuer, registrant or investment fund manager;
    -   a prohibition from becoming or acting as a registrant, investment
        fund manager or promoter;
    -   a prohibition from acting as a manager or consultant in the
        securities market; and
    -   a prohibition from engaging in investor relations activities

    For more information on the BCSC orders or the ASC or OSC decisions and
sanctions, search for the individual's name at www.bcsc.bc.ca,
www.albertasecurities.com or www.osc.gov.on.ca.

    The B.C. Securities Commission is the independent provincial government
agency responsible for regulating trading in securities within the province.
If you have questions, contact Andrew Poon, media relations, 604-899-6880.

    Learn how to avoid investment fraud at the BCSC's investor education
website: www.investright.org.

For further information:

For further information: Andrew Poon, (604) 899-6880 or (Canada)

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