Court issues order to arrest Benhard (Ben) Andrew Anderson

CALGARY, July 30, 2013 /CNW/ - The Court of Queen's Bench of Alberta has ordered the arrest of  Benhard (Ben) Andrew Anderson after declaring him to be in civil contempt.  The Court's order follows Anderson's failure to submit to be questioned in enforcement proceedings brought to collect monetary sanctions he owed to the Alberta Securities Commission (ASC).  The Court ordered that Anderson be immediately arrested, imprisoned and brought before the court to allow him to deal with the contempt charge.

The ASC ordered the monetary sanctions against Anderson for his role in issuing misleading news releases about a Calgary company's oil and gas production rates while he acted as the company's president and chief operating officer.  In March 2009, an ASC panel ordered Anderson to pay an administrative penalty of $100,000 and costs of $20,000.

If anyone knows of the whereabouts of Anderson, they are asked to contact the ASC Public Inquiries Office at 403-355-4151 or 1-877-355-4488.

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