News Release

ASC alleges former Edmonton resident Shane Courtney Ward breached Alberta securities laws

Jun 05, 2020

CALGARY – The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Shane Courtney Ward (Ward) engaged in illegal distributions, made misrepresentations to investors and perpetrated a fraud by misappropriating investor funds for personal use and/or other unauthorized uses.

According to the Notice of Hearing, Ward, operating under the trade name Engineered Wealth, raised $819,000 from investors and committed the alleged breaches between February 2011 and April 2018.

The allegations have not been proven.

An appearance to set a date for a hearing will be held on July 8, 2020 at 2 p.m. 

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.

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For further information please contact:

 

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For Investor Inquiries:

Theresa Schroder
Senior Advisor, Communications
403.297.4231

ASC Public Inquiries
Toll Free: 1-877-355-4488