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Tuesday, June 14, 2016 6:30:32 PM
RE: CTO in Alberta.
Alberta has very good securities laws, when they see something fishy within a company they put a clamp on it as we can see with FBEC. The story given that it is because that is where an affiliate lives is not the reason and to state that is misleading to anyone not capable of finding the information out themselves.
HOWEVER.
A very simple search on CTOs in Canada shows us this:
Name: *fbec* Type: Ban Securities Trading OF and Ban Securities Trading BY
Jurisdictions: All Jurisdictions Status: All CTOs
Date Issued: 1971/05/06 to 2016/06/14 Expired/Revoked: N/A
Categories: Corporate Finance, Enforcement
Also,
ALBERTA SECURITIES COMMISSION
CEASE TRADE ORDER
Citation: Re FBEC Worldwide, Inc., 2015 ABASC 858 Date: 20150904
FBEC Worldwide, Inc.
Background
1. FBEC Worldwide, Inc. (the Issuer) is a reporting issuer under the Securities Act
(Alberta) (the Act) and has failed to file the following periodic disclosure pursuant to
section 146 of the Act:
(a) interim unaudited financial statements, interim management's discussion and
analysis, and certification of interim filings for the interim period ended 30 June
2015.
Decision
2. Under section 33.1 of the Act, it is ordered that trading or purchasing cease in respect of
each security of the Issuer until this order has been revoked or varied.
4 September 2015
“original signed by”
Jonathan Taylor
Manager, CD Compliance & Market Analysis
I wonder why they haven't been able to get it lifted IN ALL JURISDICTIONS
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