Executive Management

Stan Magidson Chair and Chief Executive Officer

Stan Magidson
Chair and Chief Executive Officer

Office of the Chair and Executive Officer

The Chair and Chief Executive Officer is responsible for representing the ASC, addressing emerging issues in securities regulation, and leading the ASC in strategic planning and achieving its organizational objectives. The Chair has direct oversight responsibilities for the Communications and Investor Education division and the offices of the Executive Director and the General Counsel. The Chair is appointed by the Lieutenant Governor in Council and reports to the Members and to the Minister of Finance.

David Linder 

David Linder
Executive Director
Office of the Executive Director

The Executive Director reports to the Chair and Chief Executive Officer, is the ASC’s Chief Administrative Officer, and is responsible for ensuring that all business divisions of the ASC operate effectively and efficiently. The Executive Director is directly responsible for overseeing the divisions of Corporate Finance, Corporate Resources, Enforcement, Market Regulation, New Economy and the Office of the Chief Accountant and Financial Services. The Executive Director also participates in meetings of the ASC’s Human Resources and Audit committees and chairs the Senior Management and Strategic Planning committees. Pursuant to the Securities Act (Alberta), the Executive Director conducts hearings into certain decisions made by Market Regulation and Enforcement staff.

Cynthia J. Campbell Director, Enforcement

Cynthia J. Campbell
Director, Enforcement


The Enforcement division enforces Alberta securities laws by discovering, investigating and prosecuting breaches of those laws with a view to both stopping current misconduct and preventing it in the future. This division’s goal is to protect investors and foster the integrity of Alberta’s capital market through deterrence, disruption and accountability. It engages in proactive, fair and visible enforcement action locally and collaborates with the Commission’s compliance divisions, other securities regulators, and Canadian and foreign police forces.

Tom Graham Director, Corporate Finance

Tom Graham
Director, Corporate Finance

Corporate Finance

The Corporate Finance division is the primary interface for issuers and their advisors when participating in the capital market in Alberta. It is responsible for reviewing offering documents and continuous disclosure, monitoring filings in respect of takeover bids and making recommendations on applications for exemptive relief from securities legislation. In addition to these day-to-day services, Corporate Finance is active in the formulation and development of appropriate rules, regulatory instruments and policies used in the regulation of Alberta’s and Canada’s capital markets for issuers, including investment funds and over-the-counter derivatives. Given the significance of the oil and gas industry, Corporate Finance places considerable emphasis on reviewing the public disclosure of oil and gas reserves information and overseeing the relevant disclosure policies for these issuers. Corporate Finance is also responsible for the ASC’s work on systemic risk.

Cheryl McGillivray
Chief Accountant and Chief Financial Officer

Office of the Chief Accountant and Financial Services

The Chief Financial Officer and Chief Accountant (CFO) is the ASC’s senior financial officer. The CFO’s office is responsible for effective internal control over financial reporting, annual budget preparation, administration of investment manager reporting and relations, coordination of risk management processes, and accurate and timely financial reporting to senior management, Commission Members and the Minister of Finance. The office of the Chief Accountant provides expert knowledge in accounting, auditing and financial reporting matters to ASC staff as well as guidance to reporting issuers and their advisers. This division is involved in policy initiatives that relate to these areas of expertise and provides training as needed to the professional accountants within the organization.

Hilary McMeekin 

Hilary McMeekin
Director, Communications and Investor Education

Communications and Investor Education

The Communications and Investor Education division provides strategic communications counsel and support to all areas of the ASC to engage and educate internal and external stakeholders in a manner that supports the market and meets the ASC's organizational objectives. The division's award-winning CheckFirst.ca website and ongoing consumer campaigns aim to educate Albertans about investing and explain how they can protect themselves from securities fraud. Through media relations, stakeholder engagement and internal communications, the team promotes transparent, relevant and timely information to support efficient and effective securities regulation in Alberta and throughout Canada.

Wayne Olmstead Director, Corporate Resources

Wayne Olmstead
Director, Corporate Resources

Corporate Resources

The Corporate Resources division provides business, technical and human resource services to enable staff to fulfill the ASC’s mandate. It provides services in the areas of information technology, human resources and corporate services (including purchasing, security and business continuity, health and safety, facility management and records management). Corporate Resources supports the needs of employees and management through the initiation, development, delivery and implementation of key strategies, programs and policies that are aligned to organizational objectives.


Samir Sabharwal General Counsel

Samir Sabharwal
General Counsel

Office of the General Counsel

The General Counsel reports to the Chair and oversees the Office of the General Counsel (OGC). The OGC is the in-house legal, policy, strategy and risk management resource for the ASC. The OGC provides legal advice to the Commission Members, the Chair, the Executive Director and staff on a wide range of issues including statutory interpretation, administrative law, securities regulation, corporate/commercial law, information technology/intellectual property law, procurement law and privacy law. In addition, the OGC is responsible for the corporate secretarial and legislative functions, and provides advice on corporate governance matters and the application of the Freedom of Information and Protection of Privacy Act (Alberta) to the ASC.

Lynn Tsutsumi Director, Market Regulation

Lynn Tsutsumi
Director, Market Regulation

Market Regulation

Market Regulation provides securities regulation to the Alberta capital market by developing and administering rules and policies relating to registrants (dealers, advisers and investment fund managers), equities and derivatives exchanges and clearing agencies, trade repositories and self-regulatory organizations (SROs), including IIROC and the MFDA. Staff register market participants that are in the business of trading and advising in securities and derivatives and managing investment funds, perform compliance examinations of registrants and review exemption applications. Staff conduct oversight of SROs, the TSX Venture Exchange, and energy exchanges, clearing agencies and trade repositories conducting business in Alberta.

Denise Weeres Director, New Economy

Denise Weeres
Director, New Economy

New Economy

The New Economy division works closely with staff from across the ASC coordinating efforts to energize Alberta’s capital markets, enhancing public and private capital raising alternatives, including for those focused on the innovation economy. The division also leads the ASC’s inter-departmental team, addressing the intersection of securities law and emerging financial technologies, including through the CSA’s Regulatory Sandbox Committee. A key focus of this division is engaging with market participants to better understand challenges faced by Alberta businesses and to help them navigate the securities regulatory regime and enhance their awareness of relevant initiatives that may assist them.