Skip Ribbon Commands
Skip to main content
Navigate Up
Sign In
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

Nov 16

ASC alleges former public company Cash Store Financial Services Inc., Gordon Reykdal and Nancy Bland breached Alberta securities laws

CALGARY – The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging improper financial disclosure by Cash Store Financial Services Inc. (now known as 1511419 Ontario Inc.) (Cash Store), its former chief executive officer Gordon Reykdal and its former chief financial officer Nancy Bland. Cash Store was listed on both Canadian and U.S. stock exchanges until 2014. The Notice of Hearing states that Cash Store failed to file financial statements prepared according to generally accepted accounting principles. In particular, Cash Store failed to disclose guarantee obligations it owed to certain lenders in its 2011 annual and 2012 interim financial statements, and made false or misleading statements by representing that certain loans were not guaranteed. Cash Store also failed to disclose an appropriate valuation for loans it purchased from these lenders in its interim 2012 financial reports. The Notice of Hearing also alleges that Reykdal authorized or permitted the violations relating to guarantees to occur, and that Reykdal and Bland authorized or permitted the violation relating to the loan valuation to occur. The allegations have not been proven. An appearance to set a date for a hearing will be held on March 14, 2018 at 2:30 p.m. in the ASC Hearing Room on the 5th floor, 250 – 5 Street SW, Calgary, Alberta. The ASC gratefully acknowledges the assistance of the Ontario Securities Commission in this matter. A copy of the Notice of Hearing can be found on the ASC website at 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

Registrant Toolkit

Registrant Information

Information for both new and existing registrants.

See more​​​

Careers at the ASC

The ASC encourages you to embark on a well balanced career. As part of our team, you’ll play a role in maintaining the integrity of Alberta’s capital market, making a fair and level playing field for investors and overseeing the conduct of market participants.

Learn more

Regulatory Developments

What's new in regulation at the ASC? Check out recent or upcoming rule changes and review what is currently out for comment.

See Regulatory Developments​​

Weekly Updates

Find out what's new at the Alberta Securities Commission