08 Dec 2016
The Alberta Securities Commission (ASC) and the RCMP announced today an enforcement partnership targeting serious violations of securities laws.
The Joint Serious Offences Team (JSOT) in Alberta investigates and prosecutes quasi-criminal cases under the Securities Act and certain securities-related criminal offences under the Criminal Code of Canada. In particular, the unit targets repeat offenders, serious frauds and breaches of ASC or court orders and bans. JSOT operates as a separate unit within the ASC Enforcement Division. ASC lawyers will continue to prosecute quasi-criminal cases while the Alberta Crown Prosecution Service, Specialized Prosecution Branch will prosecute criminal charges resulting from JSOT investigations.
“JSOT combines the ASC’s expertise in capital markets and securities investigations with the RCMP’s policing experience and access to information to investigate and prosecute serious violations of the law,” said Stan Magidson, Chair and Chief Executive Officer for the ASC. “This collaboration helps safeguard Albertans from the most serious securities offences while deterring future offenders by prosecuting lawbreakers to the fullest extent.”
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