ASC issues variation order regarding Vincenzo De Palma

CALGARY, Dec. 13, 2012 /CNW/ - An Alberta Securities Commission (ASC) panel has issued a Variation Order related to the sanction decision issued against Vincenzo De Palma on January 9, 2012.

The Variation Order makes limited changes to the trading and director-and-officer bans imposed on De Palma in the sanction decision.  No other changes were made to the orders made against De Palma in the sanction decision.

A copy of the Variation Order has been posted to 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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