The Alberta Securities Commission (ASC) has issued a cease trade order against James (Jake) Harvey Cameron and Venture Trading Inc. (VTI), which prohibits Cameron and VTI from trading in any securities until April 2009 and pay to the ASC costs of the investigation and this hearing in the amount of $3,200.

In addition to this, Cameron must resign from and is prohibited from acting as a director or officer of any issuer until April 2009.

The ASC issued the reciprocal cease trade order following a British Columbia Securities Commission sanction against Cameron and VTI for illegally distributing securities in British Columbia and making misrepresentations to investors on VTI’s Web site.

“The ASC has the authority to impose reciprocal orders to protect the public by ensuring those who commit illegal activities and are sanctioned in one jurisdiction can’t just set up business in a new jurisdiction to avoid the consequences,” explained ASC Enforcement Director John Petch.