The Securities Division of the Saskatchewan Financial Services Commission has issued a temporary cease trade order against a couple of firms that it claims has been soliciting money from investors in that province.

The SFSC reports that a temporary order has been issued against Plain Investments Inc. and Executive Marketing and Strategies Ltd., and the firms’ principals.

The regulator claims that Plain Investments solicited Saskatchewan investors for money to invest in Executive Marketing, a company based in Calgary that buys tickets to concerts and sporting events at a discount and resells them.

The commission says that the temporary order was issued because the firms and their principals are not registered to trade in securities or act as advisors in Saskatchewan, according to Ed Rodonets, deputy director of enforcement for the SFSC. “Executive Marketing has not filed a prospectus and obtained a receipt for it from the commission,” he said in a news release.

The allegations have not been proven.