Calgary – The Alberta Securities Commission (ASC) and the Financial and Consumer Affairs Authority of Saskatchewan (FCAA) today adopted a new prospectus exemption designed to facilitate greater access to capital for Alberta and Saskatchewan businesses. “This exemption joins the self-certified investor prospectus exemption adopted in March 2021, and is the next step in our broader efforts to … Continue reading
News Release COVID-19 pandemic related scams on the rise CALGARY –– As Albertans set their financial intentions for the year ahead, it’s important to take the steps necessary to ensure an investment is right for you, and to get informed about how to protect yourself from scam artists. To help empower Albertans, the Alberta Securities Commission … Continue reading
News Release ASC suspends registration of Walton Capital Management Inc. CALGARY –– The Alberta Securities Commission (ASC) has suspended the registration of Walton Capital Management Inc. (WCMI) after a meeting with WCMI management today, pending the surrender of the registration of the firm. WCMI consented to the suspension. While the suspension remains in place, WCMI is … Continue reading
News Release Investor Alert: ASC warns public about Online Casino/Sportsbook and the sale of securities in online classified advertising forums CALGARY – The Alberta Securities Commission (ASC) is warning investors of what appears to be an illegal scheme to sell securities by Online Casino/Sportsbook (Online Casino). A Kijiji advertisement posted by Online Casino indicates the … Continue reading
News Release Douglas Wayne Schneider sentenced in Provincial Court CALGARY – Douglas Wayne Schneider has been sentenced to the equivalent of one year imprisonment after pleading guilty to trading in securities without registration, illegal distribution of securities, and making misleading or untrue statements to investors. With credit for time already served, Schneider will be required … Continue reading
News Release ASC alleges Saileshwar Rao Narayan, Prospera Mortgage Investment Corporation, Prosperity Development Group Ltd. and Prospera Management Corp. breached Alberta securities laws CALGARY – Alberta Securities Commission (ASC) staff have issued a Notice of Hearing alleging that Prospera Mortgage Investment Corporation (PMIC) failed to comply with a written undertaking given to the Executive Director … Continue reading
News Release Court sentences Neil Andrew McDonald to two years in jail for breaching Alberta securities laws and ASC orders CALGARY – A Provincial Court of Alberta judge has sentenced Neil Andrew McDonald to two years in jail after McDonald pled guilty to three counts of fraud, as well as making misrepresentations to investors and … Continue reading
News Release ASC reciprocates bans against IAC-Independent Academies Canada, Micron Systems, Theodore Everett, Leonard Ralph and Robert Duke CALGARY – The Alberta Securities Commission (ASC) has reciprocated certain sanctions the British Columbia Securities Commission (BCSC) imposed on IAC – Independent Academies Canada Inc., Micron Systems Inc., Theodore Robert Everett, Leonard George Ralph and Robert H. … Continue reading
News Release ASC sanctions Neil Alan Lymer, Tri-Corp Canada Investments Inc. and 1351368 Alberta Ltd CALGARY – The Alberta Securities Commission (ASC) has found that Neil Alan Lymer, Tri-Corp Canada Investments Inc. and 1351368 Alberta Ltd. (the Respondents) illegally traded or dealt in securities, engaged in illegal distributions of securities, made materially misleading or untrue … Continue reading
News Release ASC settles with Calgary businessman Gordon Mak CALGARY – The Alberta Securities Commission (ASC) and Gordon Mak have agreed to settle allegations made by ASC staff against Mak in an Amended Notice of Hearing dated April 30, 2014. Under the Settlement Agreement, Mak paid the ASC $95,000 for settlement and costs, and for … Continue reading
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