Decisions and orders can include:
Cease Trade Orders - when the ASC finds that a company has not filed its annual audited financial statements, interim financial statements or other continuous disclosure documents, the ASC can impose an interim Cease Trade Order, effective for 15 days.
If the company does not file the required information within the 15 day period, the ASC can issue a final CTO, which remains in effect until the company files the required documentation and makes application to have the order revoked.
Decisions - once an ASC hearing has concluded, the panel will issue its Reasons for Decision, outlining its rationale for any sanctions imposed or important factors surrounding the hearing.
Notices of Hearing - When a breach of the Securities Act has been identified, ASC staff can conduct a hearing in front of a panel of ASC Members, or can choose to prosecute in the Provincial Court of Alberta.
Settlements - When a breach of the Securities Act has been identified and confirmed through an investigation a settlement may be reached without a hearing. The company or individuals will acknowledge that they breached the provisions of the Alberta securities laws and acted contrary to the public interest, and will agree to the facts and consequences set out in the settlement.
Temporary Orders - these include revocation/expiry orders.