Provincial Court finds Mark Leeb and Kathy Leeb guilty of breaching Alberta securities laws

CALGARY, May 17, 2016 /CNW/ - The Provincial Court of Alberta has found Mark Andrew Leeb and Kathy Aileen Leeb guilty of one count each of illegal trading and illegal distribution of securities. The Leebs were found not guilty of making misrepresentations.

The convictions stem from the illegal sale of New Life Capital Corp. securities to investors located in the Lethbridge, Alberta area. Sentencing submissions are scheduled for June 16, 2016 in Lethbridge Provincial Court.

A copy of a transcript of the verbal decision can be obtained through the Provincial Court of Alberta in Lethbridge.

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, Senior Communications Advisor, 403.297.4481; For Investor Inquiries: ASC Public Inquiries, Toll Free 1.877.355.4488