News Release

Vancouver - British Columbia Securities Commission panels have made reciprocal orders in three decisions against 20 individuals who were sanctioned by the Alberta Securities Commission.

The following individuals are subject to orders made by BCSC panels that are based on Alberta Securities Commission (ASC) orders made in 2007:

• David Campbell, Carlos Da Silva, Tim McCarty, Jacob Moore, Ove Simonsen, Eric O'Brien, Hank Ulfan, Rick Clynes, Al Grossman (aka Abraham Herbert Grossman and Allen Grossman), William Rouse, Ron Gardner (aka Ron Garner), Dianna Cassidy, Robert Geller, George Schwartz, Harry Gray, Bill Tevruchte, Carlos Carvao, Brent Madinger, Peter Robinson and Jackie Thomas.

BCSC commission panels may make reciprocal enforcement orders following a streamlined process when another security regulatory authority has imposed sanctions on a person. Commission panel reciprocal enforcement orders impose market bans on individuals or companies, which can include one or more of the following sanctions:

• cease trading in and purchasing securities and exchange contracts;
• a prohibition from becoming or acting as a director or officer of any issuer, registrant or investment fund manager;
• a prohibition from becoming or acting as a registrant, investment fund manager or promoter;
• a prohibition from acting as a manager or consultant in the securities market; and
• a prohibition from engaging in investor relations activities

Under the BCSC enforcement orders:

• Campbell is subject to market bans until Dec. 12, 2015; Da Silva is subject to market bans until Dec. 12, 2017; Clynes and McCarty are subject to market bans until Dec. 12, 2010; Ulfan is subject to market bans until Dec. 12, 2014; and Moore, Simonsen and O'Brien are subject to market bans until Dec. 12, 2012. The BCSC orders (BCSECCOM 405) are based on an ASC decision in Limelight Entertainment Inc., Re, 2007 ABASC 914.
• Grossman is subject to market bans until Nov. 6, 2027; Gardner is subject to market bans until Nov. 6, 2012; Rouse, Cassidy and Geller are subject to market bans until Nov. 6, 2010. The BCSC orders (BCSECCOM 404) are based on an ASC decision in Maitland Capital Ltd., Re, 2007 ABASC 818. 
• Schwartz is subject to market bans until May 31, 2017; Carvao is subject to market bans until May 31, 2010; and Gray, Tevruchte, Madinger, Robinson and Thomas are subject to market bans until May 31, 2012. The BCSC orders (BCSECOMM 403) are based on an ASC decision in Euston Capital Corp., Re, 2007 ABASC 338.

For more information on the BCSC orders and ASC decisions use the name of the individual or document references to conduct a search at www.bcsc.bc.ca or www.albertasecurities.com .

The B.C. Securities Commission is the independent provincial government agency responsible for regulating trading in securities within the province. If you have questions, contact Ken Gracey, Media Relations, 604-899-6577.

Learn how to avoid investment fraud at the BCSC's investor education website: www.investright.org .