Reference Re Securities Act

JSOT criminally charges Kenneth Charles Fowler for breaching court orders

Retrieved on: 
Thursday, June 22, 2023

CALGARY, AB, June 22, 2023 /CNW/ - The Alberta Securities Commission (ASC) and the Alberta RCMP Federal Policing Integrated Market Enforcement Team (IMET) announce that Kenneth Charles Fowler (a.k.a.

Key Points: 
  • CALGARY, AB, June 22, 2023 /CNW/ - The Alberta Securities Commission (ASC) and the Alberta RCMP Federal Policing Integrated Market Enforcement Team (IMET) announce that Kenneth Charles Fowler (a.k.a.
  • The court also ordered that Fowler be permanently banned from:
    Acting in any capacity that would require registration.
  • Fowler's first appearance in court is scheduled for September 18, 2023 at the Court of Justice, Calgary Court Center, 601 5 Street SW, Calgary, Alberta.
  • In particular, JSOT targets repeat offenders, serious frauds and breaches of ASC or court orders and bans.

Jordan McBean sentenced to 7 years in jail for fraud

Retrieved on: 
Thursday, June 1, 2023

McBean defrauded 11 victims out of a total of $2 million in fees that were allegedly charged to access billions of dollars in financing, which never materialized.

Key Points: 
  • McBean defrauded 11 victims out of a total of $2 million in fees that were allegedly charged to access billions of dollars in financing, which never materialized.
  • Another victim, a woman in her 70s at the time, was defrauded of $425,035 USD in relation to funds provided to McBean for investment purposes.
  • "The seven-year jail term McBean received is the lengthiest sentence imposed to date in a JSOT case in Alberta, and reflects the gravity of his crimes.
  • IMET is a specialized unit under the Alberta RCMP Federal Policing program that detects, investigates, and deters market fraud.

ASC dismisses appeal by Paul Anthony Dwyer from MFDA disciplinary decisions

Retrieved on: 
Thursday, April 13, 2023

In addition, the trades gave rise to a conflict or potential conflict of interest that Dwyer failed to address by the exercise of responsible business judgment.

Key Points: 
  • In addition, the trades gave rise to a conflict or potential conflict of interest that Dwyer failed to address by the exercise of responsible business judgment.
  • Dwyer appealed both decisions to the ASC, which has oversight over self-regulatory organizations including the MFDA under the Securities Act (Alberta).
  • An ASC panel determined that the MFDA panel's findings and sanctions were reasonable in the circumstances and dismissed Dwyer's appeal.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Court finds William Jordan McBean guilty of fraud

Retrieved on: 
Monday, January 16, 2023

Another victim, a woman in her 70s at the time, was defrauded of $425,035 USD in relation to funds provided to McBean for investment purposes.

Key Points: 
  • Another victim, a woman in her 70s at the time, was defrauded of $425,035 USD in relation to funds provided to McBean for investment purposes.
  • Sentencing submissions are scheduled to occur on February 21, 2023 in the Court of King's Bench, Calgary.
  • In particular, JSOT targets repeat offenders, serious frauds and breaches of ASC or court orders and bans.
  • IMET is a specialized unit under the Alberta RCMP Federal Policing program that detects, investigates, and deters market fraud.

B.C. Court of Appeal says bankruptcy can't erase millions in monetary sanctions

Retrieved on: 
Thursday, August 11, 2022

Court of Appeal dismissed an appeal from Thalbinder Singh Poonian and Shailu Poonian, a B.C.

Key Points: 
  • Court of Appeal dismissed an appeal from Thalbinder Singh Poonian and Shailu Poonian, a B.C.
  • Supreme Court that its sanctions should not be erased by bankruptcy, as they were exempt under bankruptcy laws.
  • The Court of Appeal upheld the lower court's decision and maintained that the BCSC's sanctions were exempt from bankruptcy because they resulted from the couple's fraudulent conduct.
  • The sanctions will therefore remain even if the Poonians exit bankruptcy proceedings.

Theodor Hennig sentenced in Provincial Court

Retrieved on: 
Tuesday, May 17, 2022

Hennig was sentenced on May 12, 2022 by Judge W.J.

Key Points: 
  • Hennig was sentenced on May 12, 2022 by Judge W.J.
  • Cummings at the Provincial Court of Alberta in Calgary.
  • Hennig was sentenced to a two-month conditional sentence.In addition, he is permanently prohibited from acting as a director or officer of an issuer, and prohibited from trading or purchasing securities or exchange contracts until December 19, 2028.
  • In particular, JSOT targets repeat offenders, serious frauds and breaches of ASC or court orders and bans.

JSOT criminally charges Cheryl-Lynne Dodd (a.k.a. Braun) with fraud and money laundering

Retrieved on: 
Tuesday, May 3, 2022

Cheryl-Lynn or Cheryl-Lynne Braun) of Edmonton, Alberta has been charged with seven offences under theCriminal Code of Canada, following an investigation by the Joint Serious Offences Team (JSOT).

Key Points: 
  • Cheryl-Lynn or Cheryl-Lynne Braun) of Edmonton, Alberta has been charged with seven offences under theCriminal Code of Canada, following an investigation by the Joint Serious Offences Team (JSOT).
  • Dodd's first appearance in court is scheduled for June 15, 2022 at the Edmonton Provincial Court, 1A Sir Winston Churchill Square, Edmonton, Alberta.
  • JSOT investigates and prosecutes quasi-criminal cases under the Securities Act and certain securities-related criminal offences under the Criminal Code.
  • IMET is a specialized unit under the Alberta RCMP Federal Policing program that detects, investigates, and deters market fraud.

Alberta Securities Commission issues decision in the matter of Tamar Eisenberg

Retrieved on: 
Monday, March 28, 2022

A copy of the Decision and Reasons is available on the MFDA website here .

Key Points: 
  • A copy of the Decision and Reasons is available on the MFDA website here .
  • Ms. Eisenberg applied to the Alberta Securities Commission ("ASC") for a Hearing and Review of the MFDA Hearing Panel's penalty decision, pursuant to subsections 36, and 73 of the Securities Act (Alberta), RSA 2000 cS-4, and MFDA By-Law No.
  • An ASC Hearing Panel has issued its Decision on March 15, 2022 ("ASC Decision").
  • A copy of the ASC Decision is available on the ASC website here .

ASC issues public interest orders in response to criminal fraud conviction against Christopher Uitvlugt

Retrieved on: 
Thursday, January 13, 2022

CALGARY, AB, Jan. 13, 2022 /CNW/ - The Alberta Securities Commission (ASC) has issued a decision permanently prohibiting Christopher Uitvlugt from participating in Alberta's capital market after he was convicted of fraud over $5,000 in Ontario.

Key Points: 
  • CALGARY, AB, Jan. 13, 2022 /CNW/ - The Alberta Securities Commission (ASC) has issued a decision permanently prohibiting Christopher Uitvlugt from participating in Alberta's capital market after he was convicted of fraud over $5,000 in Ontario.
  • He operated a fraudulent Ponzi scheme through his Ontario business for approximately one year.
  • In that time, he raised approximately $4.8 million from at least 874 investors including at least 10 from Alberta.
  • As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.

Nisun International Announces Strategic Collaboration with Wanglianxing Agricultural Technology and Xingyue Communication Technology

Retrieved on: 
Monday, December 20, 2021

SHANGHAI, Dec. 20, 2021 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced it has entered into a strategic cooperation agreement with Sichuan Wanglianxing Agricultural Technology Development Co., Ltd. ("Wanglianxing Agricultural Technology") and Henan Xingyue Communication Technology Co., Ltd. ("Xingyue Communication Technology").

Key Points: 
  • SHANGHAI, Dec. 20, 2021 /PRNewswire/ -- Nisun International Enterprise Development Group Co., Ltd ("Nisun" or the "Company") (Nasdaq: NISN), a provider of innovative comprehensive solutions through an integration of technology, industry, and finance, today announced it has entered into a strategic cooperation agreement with Sichuan Wanglianxing Agricultural Technology Development Co., Ltd. ("Wanglianxing Agricultural Technology") and Henan Xingyue Communication Technology Co., Ltd. ("Xingyue Communication Technology").
  • Both Wanglianxing Agricultural Technology and Xingyue Communication Technology have a long history of grain trade with abundant industry resources and have maintained close cooperative relations with China's State Grain Reserve Depots in Xinjiang, Northeast , and other regions of China.
  • With participation in the agricultural industry markets as a core business, Nisun aims to contribute to accelerating the digital transformation and modernization of China's agricultural supply chain industry.
  • About Nisun International Enterprise Development Group Co., Ltd
    Nisun International Enterprise Development Group Co., Ltd (NASDAQ: NISN) is a technology-driven, integrated supply chain solutions provider focused on transforming the corporate finance industry.