The Alberta Securities Commission issued a cease trade order against Daryl Joseph Klein and Kleincorp Mgmt. Inc., carrying on business as Insta-Cash Loans.

The ASC issued this reciprocal order following a British Columbia Securities Commission order that sanctions Klein and Kleincorp for raising apporoximately $14.8 million through illegal trades and distributions of Kleincorp securities. This number includes 16 Alberta investors who invested approximately $475,000 in Kleincorp.

The ASC order prohibits Klein and Kleincorp. from trading in or purchasing any securities or relying on any exemptions under Alberta securities laws until Oct. 17, 2026, with one exception for trades made by Klein through a registrant. Klein is also ordered to resign from, and is prohibited from acting as, a director or officer of any issuer until at least Oct. 17, 2026, with one exception for dissolving, winding down or filing a proposal in bankruptcy for an issuer.