SFSC issues temporary ban on two Hong Kong-based companies
Seven Canadian firms on temporary suspension list
Investment dealer and rep admit to breaching Raven Gold CTO
The Alberta Securities Commission has issued an interim cease trade order against Sellars Financial Inc., Robert John Sellars and Penny Jean Sellars.The order is based on allegations by ASC staff that the named parties engaged in an illegal distribution of Sellars Financial Inc. securities and that Robert John Sellars failed to comply with an ASC […]
The Alberta Securities Commission (ASC) has concluded a settlement with Petroleum Unlimited, LLC, and Ohio-resident Roger A. Kimmel Jr. regarding allegations that they did not follow registration and prospectus requirements as required under Alberta securities laws and failed to comply with a July 3, 2008 ASC Interim Cease Trade Order.Kimmel paid $20,000 to settle the […]
Regulator moves to preempt spread of alleged Ponzi scheme to Quebec
The Alberta Securities Commission (ASC) has extended an interim cease trade order against Lethbridge businessman Robert Michael Smylski and Smylski Consulting Services Ltd., which operates under the name Money Solutions.The interim cease trade order prohibits Smylski and Money Solutions from trading in any securities and using Alberta securities laws exemptions. The interim cease trade order […]
The Ontario Securities Commission has imposed a temporary cease-trade order on Berkshire Capital Limited, GP Berkshire Capital Limited, Panama Opportunity Fund and Ernest Anderson.The order was filed on Tuesday.The OSC says the “Berkshire Entities” are not registered with the commission and neither a preliminary prospectus not a prospectus has been filed for the distribution of […]
The Ontario Securities Commission has filed an application with the Superior Court of Justice seeking an order appointing a receiver and manager of all the property and assets of New Life Capital Corp. New Life is registered with the OSC as a Limited Market Dealer. The matter will be heard before the Superior Court of […]
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 […]