The Alberta Securities Commission has advised the Alberta Auditor General of the extent to which it will co-operate with his examination of the commission.It said in a statement issued Wednesday that there are several significant restrictions to its cooperation: all information involving enforcement matters is required to be kept confidential; complainants must be prepared to […]
Newton wouldn’t talk to auditors, commission says
Report based on allegations against ASC chair Stephen Sibold and executive director David Linder
Retail investors who feel forgotten or ignored by securities industry enforcers are about to see some changes. Regulators plan to crack down on small-investor exploitation, abusive sales practices, inadequate disclosure and even mutual fund management expense ratios.Small investors are not usually high on the securities commissions’ list of enforcement priorities. Scarce resources and a mandate […]
Record speaks for itself, director says
Allegations of interference in regulatory affairs
Calgary woman given 10 year trading ban
Airdrie business man agrees to pay $20,000
In its latest report on the quality of continuous disclosure, the Alberta Securities Commission says disclosure is acceptable, but adds there is room for improvement.Companies could be doing a better job with their management discussion, reporting related party deals and stock-based compensation disclosure, the ASC said. Last March new continuous disclosure obligations took effect, requiring […]
Firm, CEO fined for failing to supervise trader