The Alberta Securities Commission (ASC) has reciprocated certain sanctions the British Columbia Securities Commission (BCSC) imposed against Wong Sang Shen Cho (a.k.a. Craig Cho), doing business as Chosen Media and Groops Media.

In an October 2013 decision, the BCSC sanctioned Cho, Chosen Media and Groops Media for contravening securities laws, having found that Cho, Chosen Media and Groops Media illegally distributed securities, Cho made misrepresentations, and Cho and Chosen Media perpetrated a fraud.

An ASC panel has ordered, with permanent effect, that:

  • Cho, Chosen Media and Groops Media must cease trading in or purchasing securities;
  • Cho, Chosen Media and Groops Media are prohibited from disseminating to the public any oral or written communications, by or on behalf of any issuer, that promote or reasonably could be expected to promote the purchase or sale of securities of such issuer;
  • Cho is prohibited from acting as a director or officer (or both) of any issuer or registrant; and
  • Cho is prohibited from acting in a management or consultative capacity in connection with activities in the securities market.