ASC seeks ban against FEC Finance Energy Corp.

CALGARY, Nov. 3 /CNW/ - The Alberta Securities Commission (ASC) is seeking to reciprocate orders imposed by the British Columbia Securities Commission (BCSC) against FEC Finance Energy Corp.

On August 6, 2010, the BCSC ordered that FEC Finance Energy cease trading until it re-files exempt distribution reports dated August 14, 2009 and January 18, 2010 in the required form and the Executive Director of the BCSC revokes the Order. The BCSC found that the exempt distribution reports were not prepared in the required form to report the distributions.

FEC Finance Energy has distributed shares to Alberta residents. ASC seeks reciprocation of the BCSC order to protect Alberta investors and the Alberta capital market.

It is anticipated that the ASC panel will consider this application in December 2010.

A copy of the Notice of Hearing 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 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
	403-297-4481
For Investor Inquiries:	ASC Public Inquiries
	Toll Free 1-877-355-4488