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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).

Kenneth Fowler pleads guilty to breaching Alberta securities laws

Mar 17 2017

CALGARY – March 17, 2017 – Kenneth Charles Fowler has pled guilty in the Provincial Court of Alberta to three counts of breaching Alberta securities laws. Fowler pled guilty to one count each of fraud in relation to the sale of securities of The Investment Exchange Mortgage Corporation (TIE Mortgage), unregistered trading in TIE Mortgage securities and engaging in an illegal distribution of those securities.

On January 24, 2014, the ASC charged Fowler (and co-accused Douglas Schneider) in the Provincial Court of Alberta for breaching Alberta securities laws in relation to the sale of TIE Mortgage securities. At that time, arrest warrants were also issued for both men. Schneider was arrested and detained in the United States on February 28, 2014 and extradited to Canada in June 2014. He pled guilty in July 2015 to making misleading statements, trading in securities without registration, and trading in distributions of securities without a prospectus. He was sentenced to one year in jail (with credit given for time already served) for his role in TIE Mortgage.

Based on information provided by the ASC, Fowler was arrested in Mexico and returned to Canada to face these charges in January 2016.

Sentencing is scheduled for June 2, 2017.

A copy of the hearing transcript can be obtained through the Provincial Court of Alberta in Calgary.

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.

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For further information please contact:

For Media Inquiries:
Nicole Tuncay
Senior Communications Advisor
403-297-4008
For Investor Inquiries:
ASC Public Inquiries
Toll Free: 1-877-355-4488