Alberta Securities Commission

The ASC’s 2024 Alberta Capital Market report is now available! Alberta continues to be one of Canada’s most important capital markets, with traditional industries such as oil and gas, and utilities and pipelines playing critical role in our economy. Emerging industries continue to grow, helping to diversify our province’s capital market. Learn more: https://lnkd.in/gpJnUjxk

The ASC has issued written reasons for the Interim Order issued June 10, 2024, against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie, and Robert Jacob Maljaars. An ASC panel received evidence that, since 2020, they raised more than $11 million from approximately 43 investors. Investors were told that their funds would be held in a segregated trust account in New Zealand, when in fact the capital was never put into trust or into a segregated account, but was instead used for unauthorized purposes. https://lnkd.in/gxmPFWbA

The Canadian Securities Administrators announced coordinated local blanket orders to provide temporary exemptions for obligations set out in National Instrument 93-101 Derivatives: Business Conduct, which come into effect on September 28, 2024. https://lnkd.in/gNWcHsmG

The Canadian Securities Administrators today published final amendments that streamline and harmonize over-the-counter derivatives data reporting with global standards. The amendments are expected to reduce the complexity of market participants’ reporting systems and decrease ongoing operational and compliance costs, while improving the consistency and quality of the data available to regulators and the public. https://lnkd.in/gHyvU-2u

The Canadian Securities Administrators (CSA) today published its annual Year in Review, which covers the CSA's progress toward the strategic goals outlined in the 2022-2025 Business Plan. CSA members are committed to responsive and harmonized regulation built on the best ideas and input from across the country. https://lnkd.in/gkpgigAK

The Canadian Securities Administrators (CSA) warns Canadians about fraudulent “investment groups” promoted on social media sites, like Facebook and Instagram. These groups could be running a scam called a “pump and dump.” Be wary of unsolicited investment advice, especially on social media. Be careful when interacting in “investment group” WhatsApp chats that claim to provide investment advice. Some are scams designed to take advantage of potential investors. Learn more: https://lnkd.in/gmw2hEP8

Happy Canada Day from the ASC! Today we celebrate the strength and spirit of our great nation. Together with our fellow provincial securities regulators, we remain committed to fostering fair and efficient capital markets across Canada. #CanadaDay #CelebrateCanada

The 2024 CSA Investor Index, a national survey commissioned by the Canadian Securities Administrators (CSA) - Autorités canadiennes en valeurs mobilières (ACVM), found that 23 per cent of Canadians report encountering possible fraudulent investments, an increase of five percentage points since 2020. Learn more: https://lnkd.in/g9-Xv385

The ASC’s 2024 Annual Report is now available at asc.ca. This report highlights our achievements and activities over the past fiscal year (F2024) as we continue to provide practical, focused and innovative investor protection and intelligent regulation. Learn more: https://lnkd.in/gedxaFgH

I enjoyed presenting today on the "Intersection of Securities, Crypto and Personal Property Security Law," at the 2024 Canadian Conference of Personal Property Security Law (CCPPSL). Alberta Securities Commission