The Alberta Securities Commission (ASC) has concluded a settlement with Randy Hubert Rosen of Sherwood Park, Alberta. Under the Settlement Agreement, Rosen agrees to refrain from becoming or acting as a registrant, investment fund manager or promoter for five years, and from trading in securities and exchange contracts for a period of six months. Rosen also paid the ASC $5,000 plus $1,000 in costs.
In the Settlement Agreement, Rosen, a former registrant, admitted he breached Alberta securities laws by conducting unregistered dealing and advising for numerous accounts operated in the names of 35 individual investors between August 2009 and December 2011. The terms of the Settlement Agreement reflect both the exemplary level of cooperation that was displayed by Rosen during the investigation into this matter and the fact investors lost no money as a result of Rosen’s misconduct.
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 Alberta and to protect investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
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For further information please contact:
For Media Inquiries: Mark Dickey
Senior Communications Advisor
For Investor Inquiries: ASC Public Inquiries
Toll Free 1.877.355.4488