ASC issues Interim Cease Trade Order against Douglas John Vermeeren and Monthly Millionaire Mentor Ltd.
CALGARY, March 15, 2013 /CNW/ - The Alberta Securities Commission (ASC) has issued an Interim Cease Trade Order against Douglas John Vermeeren and Monthly Millionaire Mentor Ltd. An ASC panel issued the Interim Cease Trade Order after considering evidence from ASC staff suggesting that the named parties illegally traded and distributed Monthly Millionaire Mentor securities.
The Interim Cease Trade Order prohibits all trading in or purchasing of Monthly Millionaire Mentor securities. Under the Interim Cease Trade Order, Vermeeren and Monthly Millionaire Mentor are also denied the use of all Alberta securities laws exemptions and are prohibited from trading in or purchasing all securities, except that Vermeeren is permitted limited trading in or purchasing of securities through a registrant.
This Interim Cease Trade Order is in effect until an enforcement proceeding in this matter is concluded and a decision rendered, unless otherwise ordered.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted to foster a fair and efficient capital market in Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
SOURCE Alberta Securities Commission