ASC alleges illegal distributions against Master Daytraders Inc.

CALGARY, Aug. 7, 2014 /CNW/ - Alberta Securities Commission (ASC) staff have issued a Notice of Hearing alleging that Ryan Steve Magee, David Wayne Magee, Dalyne Rae Magee, Master Daytraders Inc., Magee International Inc., Master Reglazing Inc., Leathermaster (1994) Inc., and Global Non-Slip Solutions Inc. (collectively the Respondents), engaged in the illegal distribution of the securities of Master Daytraders Inc.

ASC staff also allege that Ryan Steve Magee, who at all material times was the director of Master Daytraders Inc., Master Reglazing Inc., and Global Non-Slip Solutions Inc., made misleading or untrue statements to investors and perpetrated fraud on investors.  The Respondents raised in excess of $2 million from approximately 29 investors.

The allegations have not been proven.

An appearance to set a date for a hearing will be held on Monday, September 29, 2014, at 10 a.m. in the ASC Hearing Room, 5^th Floor, 250 - 5^th Street SW, Calgary, Alberta.

A copy of the Notice of Hearing 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 to foster a fair and efficient capital market in Alberta and to protect 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

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Mark Dickey
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