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Privacy Commissioner concludes Loblaw loyalty program investigation

The Privacy Commissioner of Canada has concluded an investigation into Loblaw's PC Optimum Loyalty Program. The investigation found that Loblaw failed to respond to deletion requests in a timely manner and retained purchase history after account deletion, violating privacy regulations. Loblaw has agreed to implement recommendations to improve its processes.

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.

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.

Project Fletcher Fraud Investigation: Eight Arrests, Five Suspects Sought

Durham Regional Police Service announced eight arrests in Project Fletcher, a fraud investigation involving over $3 million defrauded from a Durham Region business. Five suspects remain at large. The investigation uncovered extensive money laundering activities over approximately 15 years.

FINTRAC Imposes Penalty on Manor Windsor Realty Ltd.

FINTRAC has imposed an administrative monetary penalty of $107,250 on Manor Windsor Realty Ltd. The real estate brokerage was found to be non-compliant with several provisions of the Proceeds of Crime (Money Laundering) and Terrorist Financing Act.

FINTRAC Imposes $148,912 Penalty on Century 21 Heritage Group Ltd

FINTRAC has imposed an administrative monetary penalty of $148,912.50 on Century 21 Heritage Group Ltd. for failing to submit a suspicious transaction report. This action highlights the agency's commitment to enforcing anti-money laundering and anti-terrorist financing regulations.

Stockton Enterprises, Inc. v. Bell - Appeal Dismissed for Late Filing

The Tennessee Court of Appeals dismissed an appeal filed by Lamont and Luquetta Bell against Stockton Enterprises, Inc. The dismissal was due to the appellants failing to file their notice of appeal within the mandatory 30-day period following the entry of the final judgment. The court denied a request for attorney's fees related to the appeal.

Court affirms oral stock agreement dispute judgment

The Tennessee Court of Appeals affirmed a trial court's judgment regarding an oral stock agreement dispute. The court upheld the plaintiff's claim for a share of company profits based on an alleged oral agreement for stock transfer in exchange for facilitating financing for a commercial real estate purchase. The ruling impacts the parties involved in the specific corporate dispute.

Loblaw PC Optimum Data Retention Investigated Under PIPEDA

The Office of the Privacy Commissioner of Canada has concluded an investigation into Loblaw Companies Ltd.'s retention of PC Optimum loyalty program member data. The findings highlight the importance of ensuring anonymized data cannot be re-identified and that personal information is destroyed or anonymized when no longer necessary.