
By PR Newswire | Article Rating: |
|
February 21, 2014 06:27 PM EST | Reads: |
273 |

CALGARY, Feb. 21, 2014 /CNW/ - The Alberta Securities Commission (ASC) has concluded a Settlement Agreement (the Agreement) with Kris Sundell (Sundell) for breaches of Alberta securities laws relating to market manipulation. In the Agreement, Sundell admitted that he engaged in a course of conduct relating to the securities of Teras Resources Inc. (Teras) that he knew or reasonably ought to have known resulted in a false and misleading appearance of trading activity and in an artificial price.
Sundell admitted that he engaged in numerous uptick trades (that is, at a price higher than the previous trade) and high close trades at the end of the day in shares of Teras from January 1 to June 30, 2011. He also admitted that his trading activity was contrary to the public interest.
Under the Agreement, Sundell, paid the ASC $45,000 and agreed to cease trading in or purchasing securities for five years.
A copy of the Settlement Agreement is available on the ASC website at www.albertasecurities.com.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
SOURCE Alberta Securities Commission
Published February 21, 2014 Reads 273
Copyright © 2014 SYS-CON Media, Inc. — All Rights Reserved.
Syndicated stories and blog feeds, all rights reserved by the author.
More Stories By PR Newswire
Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.
![]() Apr. 26, 2018 09:45 AM EDT Reads: 6,698 |
By Pat Romanski ![]() Apr. 26, 2018 09:15 AM EDT Reads: 10,656 |
By Yeshim Deniz Apr. 26, 2018 09:00 AM EDT Reads: 947 |
By Pat Romanski ![]() Apr. 26, 2018 08:45 AM EDT Reads: 3,887 |
By Pat Romanski ![]() Apr. 26, 2018 08:45 AM EDT Reads: 8,901 |
By Liz McMillan ![]() Apr. 26, 2018 07:45 AM EDT Reads: 4,157 |
By Liz McMillan ![]() Apr. 26, 2018 06:45 AM EDT Reads: 6,650 |
By Pat Romanski ![]() Apr. 26, 2018 06:00 AM EDT Reads: 5,237 |
By Yeshim Deniz Apr. 26, 2018 05:45 AM EDT Reads: 340 |
By Elizabeth White ![]() Apr. 26, 2018 05:15 AM EDT Reads: 6,179 |
By Elizabeth White ![]() Apr. 26, 2018 05:15 AM EDT Reads: 4,851 |
By Pat Romanski ![]() Apr. 26, 2018 05:00 AM EDT Reads: 4,444 |
By Elizabeth White ![]() Apr. 26, 2018 05:00 AM EDT Reads: 3,605 |
By Liz McMillan ![]() Apr. 26, 2018 05:00 AM EDT Reads: 6,292 |
By Elizabeth White ![]() Apr. 26, 2018 04:45 AM EDT Reads: 8,905 |