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The national registration search contains the names of all individuals and firms who are registered to sell securities in Canada.

Nov 28

ASC finds Dwight Victor Spaetgens failed to comply with undertakings

November 28, 2016 – The Alberta Securities Commission (ASC) has found that Dwight Victor Spaetgens breached Alberta securities laws and acted contrary to the public interest. As part of a 2009 settlement with the ASC, Spaetgens undertook, among other things, not to trade in securities and not to act as a director or officer of any issuer. The undertakings were in effect until September 2011. An ASC panel found that Spaetgens, while subject to his undertakings, traded in securities and acted as a director and officer of Regency Capital Partners Inc., Valemont Developments Ltd. and Westmont Capital Corporation. The panel found that, by so doing, Spaetgens failed to comply with his undertakings, thus breaching Alberta securities laws and acting contrary to the public interest. In its decision, the panel stated that "Public confidence in the capital market is . . . put at obvious jeopardy when settlement outcomes are thwarted." Similar allegations against Spaetgens’ spouse, Maureen Patricia Murray, were dismissed. A copy of the decision is available on the ASC website at www.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 more information: Read more

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