Bill Rice retiring at the end of the month
Calgary man made misleading statements to investors
The decision comes after the Cadman brothers violated the terms of a previous regulatory settlement they entered into in 2008
Two directors fined
Douglas Schneider is one of two men charged in connection with the distribution of securities of The Investment Mortgage Corp.
The regulator has posted a $6.2 million loss for fiscal 2015
Most new disciplinary decisions and settlement agreements issued in other provinces automatically take effect in Alberta
The Alberta securities regulator has received multiple complaints
Chandran companies raised $39 million from more than 200 investors
Regulator rejects call for heavier penalty