CALGARY, Aug. 4, 2017 /CNW/ - Alberta Securities Commission (ASC) staff have issued a Notice of Hearing alleging that Brian Arthur Kitts and Vesta Capcorp Inc. engaged in a course of conduct which they knew, or ought to have known, perpetrated a fraud on investors. According to the Notice of Hearing:
The allegations have not been proven.
An appearance to set a date for a hearing will be held on September 13, 2017 at 2:30 p.m. in the ASC Hearing Room on the 5th floor, 250 – 5 Street SW, Calgary, Alberta.
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