CALGARY, Feb. 14, 2014 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated bans the Ontario Securities Commission (OSC) imposed against Beryl Henderson.
An ASC panel ordered that Henderson:
- must cease trading in or purchasing securities permanently (subject to specified exceptions if she makes full restitution to her victims);
- is permanently banned from using any exemptions contained in Alberta securities laws; and
- is permanently prohibited from becoming or acting as a director or officer of any issuer, registrant or investment fund manager, or becoming or acting as a registrant, investment fund manager or promoter.
In an August 2013 settlement agreement with the OSC, Henderson acknowledged that she illegally sold at least $474,000 in securities of Go Sports Entertainment Inc., a Nevada corporation, and engaged in related fraudulent conduct. Henderson had also pleaded guilty to related criminal charges.
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