Skip Ribbon Commands
Skip to main content
Navigate Up
Sign In
Check registration (?)

The national registration search contains the names of all individuals and firms who are registered to sell securities in Canada, with the exception of those registered solely with the Ontario Securities Commision (OSC).


Learn the basics of investing

Feb 20

ASC finds that Ron Aitkens, Roy Beyer, Foundation Group Capital Trust and related companies breached Alberta securities laws

Panel finds that Aitkens perpetrated fraud by diverting funds raised from investors to other entities he controlled, among other violations CALGARY – February 20, 2018 – The Alberta Securities Commission (ASC) has found that Ronald James Aitkens, Roy Juergen Beyer, Foundation Group Capital Trust (the Trust), 0865701 B.C. Ltd. (0865701), Harvest Capital Management Inc. (HCMI), Stoney View Crossing Inc. and Harbour View Landing Inc. breached Alberta securities laws. Specifically, an ASC panel's findings included that: Aitkens, Stoney View Crossing and Harbour View Landing perpetrated a fraud on investors when they caused these companies to misuse money raised from investors by diverting it to other entities with common ownership or management; and Aitkens, Beyer, the Trust, 0865701 and HCMI made materially misleading omissions in certain Trust offering memoranda. In issuing its decision, the panel noted that: “…we conclude that Aitkens knew or ought to have known that the transfers from [Stoney View] Crossing and the [Harbour View] Entities resulted in deprivation to others by placing their pecuniary interests at risk because he knew that such funds were ultimately being used for other projects and purposes, not for the development of the [Stoney View] Land and the [Harbour View] Land. The legitimacy of such other projects and purposes was irrelevant. Aitkens' contention that he did not intend to commit fraud or to have investors lose their money was also irrelevant.” The panel made no findings relating to alleged false certifications of Trust offering memoranda or to alleged provision of false offering memoranda to the ASC. The panel dismissed allegations that Aitkens, Beyer, the Trust, 0865701, HCMI, Foundation Capital Corporation and Foundation Securities Corporation engaged in illegal distributions. ASC staff had earlier withdrawn allegations against Stoney View Capital Inc. and Harbour View Capital Inc. This proceeding now moves into a second phase to determine what (if any) orders for sanctions and costs ought to be made. A schedule of deadlines for written and oral submissions for this phase can be found in the decision, which 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 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. - 30 - For further information please contact:​ ​ Read more

Calendar of events gets a makeover recently underwent a major transformation to help Alberta investors increase their financial literacy and learn ways to protect themselves from investment fraud.

Read Blog


Investing 101 Course

If you are an investor or are thinking about investing, this plain-language, non-promotional course provides you with an overview of investing. Gain basic knowledge to make a well-informed decision when you are presented with an investment opportunity.

Let's get started​​​​​

Family, Friends and​​ Business Associates (FFBA) Review

We are conducting a review of the FFBA prospectus exemption. The intent of this review is to help the ASC better understand the use of the exemption. We have selected a random sample of investors who will receive our questionnaire shortly.

More information​​​​​