ASC charges Lucid's Blaine Kennedy and Adam Drybrough in Provincial Court

CALGARY, Oct. 26, 2012 /CNW/ - The Alberta Securities Commission (ASC) has charged Blaine Russell Kennedy and Adam Gilchrist Drybrough in the Provincial Court of Alberta with fraud, making false statements, trading in securities without a prospectus and unregistered trading.  The charges relate to ASC staff allegations that since 2007, Kennedy and Drybrough illegally sold securities of the Lucid group of companies to Alberta investors.

A first appearance in Provincial Court for Kennedy and Drybrough is scheduled for 8 a.m. on November 28, 2012, at the Calgary Court Centre.

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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