News Release

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

Richard George Kearl, James Albert Jeffery, Thomas Edward Repke, Ron Cadman and Travis Cadman are subject to orders made by BCSC panels.

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:

• Kearl is subject to market bans until Aug. 13, 2010. Jeffery and Repke are subject to market bans until Aug. 13, 2013. The BCSC orders (BCSECOMM 555) are based on an ASC decision rendered Aug. 13, 2008.
• Ron Cadman and Travis Cadman are subject to market bans until July 22, 2010. The BCSC orders (BCSECOMM 554) are based on an ASC settlement agreement dated July 22, 2008.

For more information on the BCSC orders and ASC orders 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.