CALGARY, March 4, 2015 /CNW/ - The Alberta Securities Commission (ASC) has issued a 15-day halt trade order that stops all trading in securities and derivatives by Spriza, Inc., which is quoted for trading in the United States on the Over-the-Counter markets.
This is the first halt trade order issued by the ASC under section 33.2 of the Securities Act (Alberta). The order was issued because the ASC's Executive Director "considers that circumstances exist or are about to occur that could result in other than orderly trading of securities and derivatives of Spriza" and that it is "in the public interest to halt trading of the securities and derivatives of Spriza."
The order is in effect until end of day March 24, 2014, or until revoked by the Executive Director, whichever comes first.
The ASC acknowledges the assistance of the U.S. Securities and Exchange Commission in this matter.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting 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