ASC Cease Trades Robert John Harris and Harris Agencies

CALGARY, April 20 /CNW/ - The Alberta Securities Commission (ASC) has issued an interim cease trade order against Robert John Harris, operating as Harris Agencies, based on allegations that he engaged in illegal trading and distribution of securities in Alberta.

The interim cease trade order is in effect until May 1, 2010 and prohibits all trading in securities issued by Harris and Harris Agencies. The order also prohibits Harris and Harris Agencies from trading in all securities and relying on any Alberta securities law exemptions. An ASC panel issued the interim cease trade order after hearing evidence from ASC staff that Harris, operating as Harris Agencies, distributed securities without registration, a prospectus or use of an applicable exemption.

The next appearance has been scheduled for 8:15 a.m. on April 30, 2010 in the ASC Hearing Room on the 6th floor, 300-5th Ave SW, Calgary, Alberta. At that time, an ASC panel will consider extending the interim order.

Copies of the Interim Cease Trade Order and Notice of Hearing can be found 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.

For further information: For Media Inquiries: Mark Dickey, Senior Communications Advisor, [phone]; For Investor Inquiries: ASC Public Inquiries, Toll Free, 1-877-355-4488