ASC lays 73 charges in Provincial Court involving Lethbridge-area men Rand Stevenson, Brent Derricott and Robert Smylski

CALGARY, Feb. 28, 2013 /CNW/ - The Alberta Securities Commission (ASC) has charged Lethbridge-area men Rand Tyler Stevenson and Brent Ray Derricott in the Provincial Court of Alberta for making misleading or untrue statements to investors and trading in OCI Q Corp. securities without registration or a prospectus. Robert Michael Smylski was also charged with trading in OCI Q Corp. securities without a prospectus and for breaching ASC orders prohibiting him from trading in Alberta.  In a previous proceeding, an ASC panel permanently banned Smylski from trading in any securities on September 27, 2010.

Stevenson and Derricott face 47 charges, while Stevenson, Derricott and Smylski face 12 changes and Smylski alone faces 14 of the charges.

A first appearance for the three men is scheduled for 9:30 a.m. on April 11, 2013 in Lethbridge.

Stevenson, Derricott and OCI Q are currently under a December 2011 ASC Interim Cease Trade Order that prohibits all trading in OCI Q securities and also prohibits Stevenson, Derricott and OCI Q from trading in any other securities and from relying on any Alberta securities laws exemptions.  A copy of the Interim Cease Trade Order can be found on the ASC website at www.albertasecurities.com.

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