Caroline Meyers pleads guilty to role in Coastal Pacific pump-and-dump scheme

CALGARY, Dec. 8, 2015 /CNW/ - Caroline Meyers (a.k.a. Caroline Winsor, a.k.a. Caroline Danforth) has pled guilty to acting as a dealer of securities without registration, not filing a prospectus, and engaging in a course of conduct that resulted in a false appearance of trading activity and an artificial price for Coastal Pacific Mining Corp. securities. Sentencing is scheduled for January 7, 2016, to permit time for Meyers to address charges in the U.S.

In September 2015, Meyers' co-accused Joseph Bucci pled guilty to the same charges and received an 18-month conditional sentence as well as permanent market prohibitions.  

The charges are in connection with the 2010 market manipulation of the securities of Calgary-based Coastal Pacific.

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: Alison Trollope, Director, Communications and Investor Education, 403.297.2664; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488