March 27, 2013
/CNW/ - Alberta Securities Commission (ASC) staff are seeking to reciprocate an order imposed by the British Columbia Securities Commission (BCSC) against
Casper de Beer
Casha de Beer
), VerifySmart Corp. (formerly Verified Capital Corp.) and Verified Transactions Corp.
, the BCSC found that Scammell, de Beer, VerifySmart and Verified Transactions traded in securities without registration and distributed those securities without a prospectus.
, the BCSC ordered, among other things, that Scammell and de Beer be banned from becoming or acting as an officer or director of any issuer, trading in securities, and becoming or acting as a registrant or promoter until the later of
May 14, 2017
or until monetary penalties, as set out in the order, are paid. The BCSC also permanently cease traded Verified Transactions and VerifySmart.
The ASC seeks reciprocation of the BCSC order to protect
investors and the
It is anticipated that the ASC panel will consider this application in the near future.
A copy of the
Notice of Hearing
is available on the ASC website at
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
and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of
SOURCE Alberta Securities Commission