Two securities companies were ordered in September by a New Brunswick Securities Commission (NBSC) panel to cease trading in all securities after a New Brunswick resident filed a complaint against Global Energy Group Ltd. and New Gold Ltd. Partnerships. The panel issued its reasons for decision on Oct. 20 October, following a similar order issued […]
Regulator alleges trades breached settlement reached in illegal tipping case
The British Columbia Securities Commission has settled with a Vancouver-based investment dealer and one of its registered sales people who admitted to trading a U.S. over-the-counter security that was subject to a cease trade order.Monty Gregory Lorne Montaine, a registered salesperson with Global Securities Corp, manually entered two sales orders of Brookmount Exploration Inc. shares […]
Staff allege investors contributed over $12 million through the illegal distribution of promissory notes
Issues temporary cease trade order against Adcapital companies
Liechtenstein bank used as conduit for suspicious trading, regulator alleges
The Alberta Securities Commission (ASC) has banned trading in or purchasing of securities of CMKM Diamonds, Inc. and denied the company the use of any Alberta securities laws exemptions indefinitely until otherwise ordered by the ASC.An ASC panel issued the reciprocal order after determining CMKM, a Texas corporation, traded its shares to Alberta investors without […]
An Alberta court has found investment dealer Union Securities Ltd. liable in a case where a client invested in a company that was subject to a cease trade order CTO. The court held Union responsible, despite the fact that the firm ordered the transaction to be reversed as soon as it learned of it.The case, […]
The Canadian Securities Administrators (CSA) announced today they are seeking comments on proposed National Policy 12-203 Cease Trade Orders for Continuous Disclosure Defaults.The CSA says NP 12-203 modernizes, harmonizes and streamlines existing ractices relating to cease trade orders (CTOs) and provides guidance for issuers on when regulators will issue a general CTO or a management […]
Rempel raised $3.6 million through illegal trades and distributions of various securities