The Alberta Securities Commission (ASC) hearing panel has sanctioned Global 8 Environmental Technologies, Inc., Halo Property Services Inc., Canadian Alternative Resources Inc. (CAR), René Joseph Branconnier and Chad Delbert Burback for engaging in capital market misconduct, the ASC announced on Friday.

In June 2015, the ASC panel found, among other breaches, that Branconnier and Burback engaged in illegal trades and distributions of Global 8 securities, engaged in illegal distributions of Halo/CAR securities, made a prohibited representation, made misrepresentations, and authorized or acquiesced in certain misconduct by Global 8, Halo and CAR.

In its decision announce on Friday, the ASC panel ordered that:

> Branconnier pay a $350,000 penalty and costs of $65,000, and Burback pay a $75,000 penalty and $35,000 in costs;

> Branconnier and Burback each be banned from trading in or purchasing securities (with limited exceptions), using any exemptions under Alberta securities laws, acting as a director or officer of any issuer, registrant or investment fund manager, and acting in a management or consultative capacity in connection with securities market activities until February 2036 (Branconnier) and February 2028 (Burback);

> Global 8 cease trading in or purchasing securities (with limited exceptions) and all exemptions under Alberta securities laws do not apply to Global 8, permanently;

> Halo and CAR cease trading in or purchasing securities and all exemptions under Alberta securities laws do not apply to Halo and CAR, permanently; and

> all trading in or purchasing of securities of Global 8, Halo and CAR cease, permanently.

In issuing these orders, the ASC panel states: “Clearly investors and our capital market are harmed by misconduct of the sort that occurred here. Not only were investors illegally separated from their money, but the investor witnesses apparently received no money back and no returns on their investments. … In our view, Branconnier and Burback would pose a grave risk to investors and the capital market were they not to receive significant restrictions on aspects of their future capital-market activity.”