ASC issues public interest orders in response to criminal fraud conviction against Nickolas Donovan Ellis
Ellis was also convicted of three counts of trafficking in forged documents and three counts of identity fraud and was sentenced to seven years in prison.
- Ellis was also convicted of three counts of trafficking in forged documents and three counts of identity fraud and was sentenced to seven years in prison.
- The remaining two fraud convictions stem from bridge financing for a construction project and a business acquisition scheme.
- An ASC panel found that Ellis' fraud convictions arose from a course of conduct related to securities and that it was in the public interest to issue an order against him under the Securities Act (Alberta).
- As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.