News from alberta securities commission A wide array of domestic and global news stories; news topics include politics/government, business, technology, religion, sports/entertainment, science/nature, and health/lifestyle.

Latest

May 21, 2019, 11:00 ET Securities Act confidentiality provision ruled constitutional

CALGARY, May 21, 2019 /CNW/ - Justice B. Millar of the Court of Queen's Bench of Alberta has rejected a constitutional attack against section 45 of the Securities Act (Alberta) (the Act), which...


Apr 11, 2019, 10:52 ET Notice of Hearing issued regarding allegations of Jay Modi, Arti Modi, Rajeev Singh and OmniArch Capital Corporation perpetrating a fraud and

CALGARY, April 11, 2019 /CNW/ - A Notice of Hearing has been issued by the Alberta Securities Commission (ASC) against OmniArch Capital Corporation, Jay Rasik Modi, Arti Rajeev Singh, also known as...


Apr 09, 2019, 14:26 ET Red Deer man settles with the ASC for unregistered advising

CALGARY, April 9, 2019 /CNW/ - A Settlement Agreement and Undertaking has been concluded between the Alberta Securities Commission (ASC) and Gordon Thomson Fraser for Fraser acting as an adviser...


Mar 29, 2019, 12:38 ET JSOT quasi-criminally charges John Labun with fraud and breach of Commission decision

CALGARY, March 29, 2019 /CNW/ - John Carlos Labun of Calgary, Alberta has been charged with four offences under the Securities Act (Alberta), following an investigation by the Joint Serious Offences...


Mar 11, 2019, 13:54 ET Calgary lawyer Norman Anderson settles with the ASC for market manipulation

CALGARY, March 11, 2019 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement and Undertaking with Norman David Anderson for a breach of Alberta securities laws...


Mar 06, 2019, 15:30 ET Alberta Securities Commission launches Kajillionaire - new board game immerses players in the world of investment fraud

Dubbed "one of the world's most expensive games," Kajillionaire has a $25,000 price point CALGARY, March 6, 2019 /CNW/ - Kajillionaire, a new board game launched today by the Alberta Securities...


Mar 06, 2019, 13:21 ET ASC sanctions Edmonton resident Robert Carl Stewart and Tamarisk Energy Corp. for breaching Alberta securities laws

CALGARY, March 6, 2019 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Edmonton resident Robert Carl Stewart and his company Tamarisk Energy Corp. (Tamarisk) for breaching Alberta...


Mar 04, 2019, 10:49 ET Recidivist Neil Andrew McDonald sentenced to two years imprisonment for fraud and money laundering

CALGARY, March 4, 2019 /CNW/ - The Alberta Securities Commission (ASC) and the Alberta RCMP announced today that Neil Andrew McDonald (a.k.a. Neil Andrews) of Calgary was convicted and sentenced to...


Mar 01, 2019, 11:00 ET Alberta Securities Commission welcomes two new commission members

CALGARY, March 1, 2019 /CNW/ - The Alberta Securities Commission (ASC) is pleased to announce the Lieutenant Governor in Council has appointed Matthew Bootle, FCA and Gail Harding, Q.C., ICD.D., as...


Feb 25, 2019, 12:50 ET ASC sanctions Arnold Breitkreutz, Base Finance Ltd. and Susan Way for fraud

Panel sanctions respondents for deceiving investors and operating a Ponzi scheme CALGARY, Feb. 25, 2019 /CNW/ - The Alberta Securities Commission (ASC) has sanctioned Arnold Breitkreutz, Base Finance ...


Feb 20, 2019, 10:45 ET Former Calgary mutual fund salesperson settles with the ASC

CALGARY, Feb. 20, 2019 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement and Undertaking with Farhang (Fred) Dagostar Nikoo for breaches of Alberta securities laws...


Feb 13, 2019, 13:26 ET ASC issues Interim Order against Prize Mining Corporation

CALGARY, Feb. 13, 2019 /CNW/ - The Alberta Securities Commission (ASC) has issued an Interim Order against Prize Mining Corporation (Prize). An ASC panel previously ordered that all trading in Prize...


Jan 31, 2019, 14:46 ET ASC suspends the registration of Wells Asset Management System Inc. and the registration of Dale Wells

CALGARY, Jan. 31, 2019 /CNW/ - The Alberta Securities Commission (ASC) has suspended the registrations of Wells Asset Management System Inc. and its principal Mr. Dale Richard Wells. A review...


Jan 31, 2019, 10:49 ET ASC joins international network committed to supporting financial innovation

CALGARY, Jan. 31, 2019 /CNW/ - To help support innovation in the capital markets and the fintech (financial technology) industry, the Alberta Securities Commission (ASC) has become a member of the...


Jan 24, 2019, 11:13 ET Investor Alert: ASC warns public about Global Advocacy Association

CALGARY, Jan. 24, 2019 /CNW/ - The Alberta Securities Commission (ASC) is warning Alberta investors about Global Advocacy Association/Global Advocates, an organization targeting investors in the...


Jan 15, 2019, 14:13 ET ASC issues Variation Order relating to Prize Mining Corp.

CALGARY, Jan. 15, 2019 /CNW/ - The Alberta Securities Commission (ASC) has varied a January 3, 2019 Order in relation to preliminary allegations by ASC staff that Prize Mining Corp. (Prize) breached...


Jan 03, 2019, 20:22 ET The Alberta Securities Commission issues an Interim Cease Trade Order against certain shareholders of Prize Mining Corp.

CALGARY, Jan. 3, 2019 /CNW/ - The Alberta Securities Commission (ASC) has ordered an interim cease-trade of Prize Mining Corp. shares issued to the subscribers of a July 2018 non-brokered private...


Jan 02, 2019, 10:30 ET The Alberta Securities Commission warns investors of the top five investment risks in 2019

CALGARY, Jan. 2, 2019 /CNW/ - It's a new year -- with new investment opportunities. Investing is a great way to save for a secure retirement and reach other financial goals. However, it's important...


Dec 21, 2018, 11:27 ET /C O R R E C T I O N from Source -- Alberta Securities Commission/

In the news release, ASC alleges Edmonton exempt market dealer improperly sold investments, issued today Alberta Securities Commission over Cision, we are advised by the company that the headline...


Dec 20, 2018, 12:28 ET West High Yield Resources settles with the ASC for misleading disclosure

CALGARY, Dec. 20, 2018 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement with West High Yield (W.H.Y.) Resources Ltd., in connection with a news release issued by...


Dec 14, 2018, 11:00 ET Investor Alert: ASC warns public about Affiliated Trade Group

CALGARY, Dec. 14, 2018 /CNW/ - The Alberta Securities Commission (ASC) is warning Alberta investors to be cautious if solicited by Affiliated Trade Group, a purported investment claiming to have...


Dec 06, 2018, 10:45 ET Alberta Court of Appeal issues judgement on Dwight Victor Spaetgens' appeal of ASC decisions

Court dismisses appeal on finding of illegal trading, reduces sanctions imposed by ASC panel CALGARY, Dec. 6, 2018 /CNW/ - In a memorandum of judgment, the Alberta Court of Appeal dismissed two...


Nov 22, 2018, 13:30 ET Alberta Securities Commission adopts blanket order facilitating access to capital for community economic development corporations

CALGARY, Nov. 22, 2018 /CNW/ - The Alberta Securities Commission (ASC) has adopted an initiative to facilitate access to capital for community economic development corporations (CEDCs). Blanket Order ...


Nov 20, 2018, 11:15 ET ASC announces the addition of a whistleblower program to its expanding enforcement toolbox

The Office of the Whistleblower allows whistleblowers to safely report securities-related misconduct CALGARY, Nov. 20, 2018 /CNW/ - The Alberta Securities Commission (ASC) today announced the...


Nov 13, 2018, 12:31 ET ASC finds that Vernon Ray Fauth perpetrated a fraud on investors

CALGARY, Nov. 13, 2018 /CNW/ - The Alberta Securities Commission (ASC) has found that financial planner Vernon Ray Fauth of Calgary breached three sections of the Securities Act (Alberta) in...