ASC charges Ronald James Aitkens in Provincial Court for fraud

CALGARY, Oct. 1, 2013 /CNW/ - Alberta Securities Commission (ASC) staff have laid five charges against Ronald James Aitkens in connection with alleged breaches of Alberta securities laws in connection with the sale of Legacy Communities Inc. securities.

ASC staff charged Aitkens with trading in securities without registration; distributing securities without a prospectus; making false or misleading statements in an Offering Memorandum; and perpetrating a fraud on investors.

The first appearance in this matter has been set for 8 a.m. on November 19, 2013 at the Calgary Courts Centre.

A copy of the Information listing the charges is available at the Calgary Courts 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

For Media Inquiries: 
Mark Dickey
Senior Communications Advisor
403-297-4481

For Investor Inquiries: 
ASC Public Inquiries
Toll Free 1-877-355-4488