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.

Oct 18

ASC alleges Calgary men conspired with American residents to manipulate markets

CALGARY – October 18, 2017 – Alberta Securities Commission (ASC) staff have issued a Notice of Hearing alleging that Calgary residents Zulfikar Rashid, John Zang and Richard Moore, in conjunction with current or former U.S. residents Ashmit Patel, Jonathan Levy and Gregory Buczynski, engaged in what is commonly referred to as a “pump-and-dump” scheme. The scheme involved the penny stock of Kilimanjaro Capital Ltd. (now known as N1 Technologies Inc.), a former Alberta-based shell company. ASC staff also allege that Rashid and Zang obstructed justice and that Zang, Patel and Moore breached a cease trade order issued by the ASC in respect of Kilimanjaro. The allegations have not been proven. An appearance to set a date for a hearing will be held on December 13, 2017 at 1:00 p.m. in the ASC Hearing Room, 5th Floor, 250 – 5th Street S.W., Calgary, Alberta. The ASC gratefully acknowledges the assistance of the United States Securities and Exchange Commission, the Financial Industry Regulatory Authority and the Dansk Finanstilsynet (Danish Financial Supervisory Authority) in this matter. A copy of the Notice of Hearing can be found 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 futher information please contact: ​​ ​​ Read more

Calendar of events 

Get curious about investing and #ASKASC

Do you have any burning questions about investing on your mind? If so, now’s your chance to #ASKASC!

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​​​​