ASC suspends registration of Homerun Securities

The commission reports that ASC staff based that recommendation on, among other things, “their view that Homerun Securities failed to comply with the terms and conditions of its registration and Alberta securities laws by providing financial filings that were materially deficient.” Under the terms of the suspension, the firm is prohibited from withdrawing funds that are being used as regulatory capital; and, both the firm and its individual dealing reps are prohibited from carrying on the activities of a registered securities dealer. It has also been ordered to take down its internet presence, including public access to its website and all social media. And, at its website address, the firm is required to post a notice about the suspension and provide contact information for the issuers that it represents. Related news BFI investors plead for firm’s sale Keywords Exempt marketCompanies Alberta Securities Commission New exemption aimed at savvy investors in Alberta, Saskatchewan PwC alleges deleted emails, unusual transactions in Bridging Finance case Share this article and your comments with peers on social media The Alberta Securities Commission (ASC) Thursday suspended the registration of exempt market dealear Homerun Securities Inc. over concerns about its financial filings. The ASC says that the firm consented to the suspension after it was told that ASC staff were prepared to recommend to the commission’s executive director that its registration should be suspended. James Langton Facebook LinkedIn Twitter read more