Provincial Court sentences Mark Leeb and Kathy Leeb for breaching Alberta securities laws

CALGARY, June 17, 2016 /CNW/ - The Provincial Court of Alberta has ordered Mark Andrew Leeb and Kathy Aileen Leeb to each pay fines totaling $20,000 for the illegal trading and illegal distribution of securities. The Court also ordered that the Leebs cease trading in all securities, and be prohibited from acting in a management or consultative capacity in relation to activities in the securities market or using any Alberta securities laws exemptions for five years.

In May 2016, the Provincial Court found the Leebs guilty of breaching Alberta securities laws. The sentence stems from the illegal sale of New Life Capital Investments Inc. securities to investors located in the Lethbridge, Alberta area.

A copy of a transcript of the oral 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