CALGARY, April 24, 2015 /CNW/ - The Provincial Court of Alberta has dismissed all charges against Rand Stevenson, Brent Derricott and Robert Smylski.
In February 2013, Rand Tyler Stevenson and Brent Ray Derricott were charged with offenses under the Alberta Securities Act 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 Alberta Securities Commission (ASC) orders prohibiting him from trading in Alberta.
The previous ASC panel decision permanently banning Smylski from trading in any securities remains in effect.
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