Decisions
Lambert “Bert” Lavallee [Reciprocal Order]
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BCSECCOM #:
2008 BCSECCOM 371
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Document Type:
Reciprocal Order
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Published Date:
2008-07-09
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Effective Date:
2008-06-24
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Details:
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2008 BCSECCOM 371
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2008 BCSECCOM 371
Reciprocal Order
Lambert “Bert” Lavallee
Section 161(1) of the Securities Act, RSBC 1996, c. 418
Introduction
¶ 1 This is an order under sections 161(1) and 161(6)(c) of the Securities Act, RSBC 1996, c.418.
Background
¶ 2 Lambert “Bert” Lavallee is subject to an order made by the Alberta Securities Commission imposing sanctions on him in a decision rendered February 7, 2008 in Lavallee, Re, 2008, ABASC 78.
Order
¶ 3 After providing Lavallee an opportunity to be heard, and considering it to be in the public interest, we order:
- 1. under section 161(1)(b) of the Act, that Lavallee cease trading in, and is prohibited from purchasing, securities and exchange contracts, except that Lavallee may trade or purchase securities and exchange contracts through accounts in his name at a registered dealer,
2. under section 161(1)(d)(i) and (ii), that Lavallee resign any position Lavallee holds as, and is prohibited from becoming or acting as, a director or officer of any issuer, registrant or investment fund manager, except issuers all the securities of which are owned beneficially by him, his wife or his children,
3. under section 161(1)(d)(iii), that Lavallee is prohibited from becoming or acting as a registrant, investment fund manager or promoter,
4. under section 161(1)(d)(iv), that Lavallee is prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and
5. under section 161(1)(d)(v), that Lavallee is prohibited from engaging in investor relations activities,
until February 7, 2013.
¶ 4 June 24, 2008
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
Shelley C. Williams
Commissioner