ASC

Court Dismisses Ronald Aitkens' Appeal of Fraud Conviction

The Alberta Securities Commission (ASC) announced that the Court of King's Bench dismissed Ronald Aitkens' appeal of his 2024 conviction and sentence for fraud and making false or misleading statements. The appeal related to securities distributed through an offering memorandum for Legacy Communities Inc.

ASC Investor Alert: BG Wealth Sharing Suspected Investment Scheme

The Alberta Securities Commission (ASC) has issued an investor alert warning the public about BG Wealth Sharing, a suspected investment scheme promoted via social media and messaging apps. The scheme, linked to DSJ Exchange, claims to use AI for guaranteed returns and is not registered in Alberta.

ASC Alleges Securities Law Breaches by Daniel Astete and 2307755 Alberta Ltd

The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Daniel Rodolfo Astete and 2307755 Alberta Ltd. breached Alberta securities laws by engaging in illegal distributions of securities. The companies allegedly raised approximately $500,000 through a crowdfunding platform without filing a prospectus, and improperly paid $21,000 to Astete from the funds raised.