ASC reciprocates bans against Won Sang Shen Cho (a.k.a. Craig Cho), doing business as Chosen Media and Groops Media

CALGARY, July 17, 2014 /CNW/ - The Alberta Securities Commission (ASC) has reciprocated certain sanctions the British Columbia Securities Commission (BCSC) imposed against Wong Sang Shen Cho (a.k.a. Craig Cho), doing business as Chosen Media and Groops Media.

An ASC panel ordered, with permanent effect, that:

• Cho, Chosen Media and Groops Media must cease trading in or purchasing securities;
• Cho, Chosen Media and Groops Media are prohibited from disseminating to the public any oral or written communications, by or on behalf of any issuer, that promote or reasonably could be expected to promote the purchase or sale of securities of such issuer;
• Cho is prohibited from acting as a director or officer (or both) of any issuer or registrant; and
• Cho is prohibited from acting in a management or consultative capacity in connection with activities in the securities market.

In an October 2013 decision, the BCSC sanctioned Cho, Chosen Media and Groops Media for contravening securities laws, having found that Cho, Chosen Media and Groops Media illegally distributed securities, Cho made misrepresentations, and Cho and Chosen Media perpetrated a fraud.

A copy of the decision 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 with fostering a fair and efficient capital market in Alberta and with protecting 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
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403-297-4481

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