The Saskatchewan Securities Commission has issued a temporary cease trade order against Quest Capital Enterprises, Ltd., Quest Capital Investments, and several individuals.

The order follows allegations from SSC staff that they have engaged in the trading of foreign currency contracts, futures contracts, options and/or exchange contracts in Saskatchewan without complying with the registration requirements.

The commission says that it is of the opinion that it is in the public interest to make this order. It orders that trading in all securities, foreign currency contracts, futures contracts, options and/or exchange contracts by and of the respondents cease until September 10. And, that the exemptions contained in the securities regulations shall not apply to the respondents until September 10.

The commission will grant a hearing in the matter, at the request of any person or company named in the order. The purpose of such hearing will be to consider whether it is in the public interest that a permanent cease trade order and a permanent prohibition of statutory exemptions be made.