Skip Ribbon Commands
Skip to main content
Navigate Up
Sign In
or
Check registration (?)

The national registration search contains the names of all individuals and firms who are registered to sell securities in Canada, with the exception of those registered solely with the Ontario Securities Commision (OSC).

​​

Learn the basics of investing

​​
May 11

ASC alleges Edmonton businessman perpetrated a fraud on investors

CALGARY- May 11, 2018 - The Alberta Securities Commission (ASC) has issued a Notice of Hearing against New Wave Innovations Ltd (New Wave), 1111108 Alberta Ltd. and Allan Robert Magneson (Magneson) in connection with the sale of securities in New Wave. According to the Notice of Hearing, $6.62 million was raised from investors between June 1, 2011 and December 31, 2016. ASC staff allege that Magneson perpetrated a fraud on investors by directing about $4.14 million of the funds raised to his personal use or for the benefit of his family. In November 2017, the ASC issued an Interim Order restricting trading in securities of New Wave, and banning Magneson from acting as a director or officer of New Wave. The order will remain in effect until proceedings have concluded. The allegations have not been proven. An appearance to set a date for a hearing will be held on July 11, 2018 at 3:00 pm in the ASC Hearing Room on the 5th floor, 250 – 5 Street SW, Calgary, Alberta. A copy of the Notice of Hearing can be found on the ASC website at albertasecurities.com. 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. - 30 - For further information please contact:​ Read more

Calendar of events 

Securities laws: What exactly does the ASC do?

April 21 is Law Day, a national event celebrated since 1983 in honour of the signing of Canada’s Charter of Rights and Freedoms. Today on our blog, we’ll be giving an overview of securities laws and what the ASC does and does not do.

Read Blog

​​​​​​​​​​​​​​​ ​​​​​​​​​​​​​​​​​​​

Investing 101 Course

If you are an investor or are thinking about investing, this plain-language, non-promotional course provides you with an overview of investing. Gain basic knowledge to make a well-informed decision when you are presented with an investment opportunity.

Let's get started​​​​​

Family, Friends and​​ Business Associates (FFBA) Review

We are conducting a review of the FFBA prospectus exemption. The intent of this review is to help the ASC better understand the use of the exemption. We have selected a random sample of investors who will receive our questionnaire shortly.

More information​​​​​