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Alberta will recognize securities sanctions by others

Thursday, July 16, 2015 @ 8:00 PM | By Jeff Buckstein

Most new orders and settlement agreements made by other provincial and territorial securities regulators across Canada, covering sanctions like cease trade orders and director and officer bans, will automatically take effect and be reciprocated in Alberta under a new section of the Securities Act (Alberta) that went into force on July 1.

“That order or agreement will come into effect without notice to the person or company and without a hearing. The order will have effect as if it were made by the Alberta Securities Commission,...