Calgary man settles with ASC for illegal trades and distributions
04 Mar, 2016, 15:33 ET
CALGARY, March 4, 2016 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement with Clifford George Alexander who admitted to engaging in illegal trades and distributions of securities of 1735560 Alberta Ltd., 1735563 Alberta Ltd., 1751886 Alberta Ltd. and Studio 33 Inc. (formerly 1751889 Alberta Ltd.).
As part of the Settlement Agreement, Alexander paid $30,000 to the ASC and for a period of one and a half years also agreed to:
- refrain from trading in securities, except through a registrant who has first been given a copy of the Settlement Agreement;
- refrain from 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 Canada (with limited exceptions).
A copy of the Settlement Agreement can be found 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 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
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