Tuesday, July 20, 2010

ASC Enforcement Order - Robert Smylski

The Alberta Securities Commission Enforcement order regarding Robert Smylski can be found here.  You are encouraged to read the entire order especially if you purchased Shire investments via Robert Smylski.

Excerpt:

II. FACTUAL BACKGROUND
(snip)

B. Respondents' Admissions
[9] In the Admissions Statement, Smylski acknowledged receiving independent legal advice (and, indeed, he was represented at the Hearing) and voluntarily making admissions, including the following:

(snip)

  • some of the securities the Respondents sold were offered by Stoneset, LibertyGate Investment Corp. ("LibertyGate"), Focused Life Settlements, Focused Money Solutions Inc. ("Focused Money") and Shire International Real Estate Investments Ltd. ("Shire International");