Calgary man banned from future trading in Alberta

File photo of the Toronto Stock Exchange. THE CANADIAN PRESS/MACLEAN’S/Andrew Tolson. Alberta Securities Commission|Calgary|investments|stock|YYC Calgary man banned from future trading in Alberta Nelson Peter Bradbury of Calgary is facing some serious fines for breaching the province’s securities laws.The Alberta Securities Commission says Bradbury raised more than $1.5 million investment agreements that he sold between January 2010 and March 2013.Officials say he used half of investor’s money to trade in his brokerage accounts, generating considerable losses. He also diverted $370,000 of investors’ money for his own personal use.The ASC panel says that he had illegally traded and distributed securities, engaged in fraudulent conduct and misled members of the commission, which was backed up by a statement of admissions.They’ve ordered him to surrender $370,000 that he obtained as a result of his non-compliance and to pay an administrative penalty of $150,000.Bradbury will also have to pay the investigation and hearing costs and will be subject to a ban from trading within the province again.The panel says they came down with a stiff penalty given Bradbury’s previous history of misconduct back in 2011.It also ruled that it was convinced that Bradbury will remain a serious risk to the investing public unless he is removed from the capital market forever. AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email by Craig Lester Posted Nov 25, 2016 6:53 pm MDT

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