Postal Strike Update | Mise à jour sur la grève du Syndicat des travailleurs et travailleuses des postes (en anglais)

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Government of Saskatchewan ministries, Crown corporations and organizations are implementing contingency plans to minimize the impacts of postal service disruption.

Les ministères, sociétés d’État et organismes du gouvernement de la Saskatchewan mettent en œuvre des plans d’urgence (en anglais) visant à réduire les répercussions de l’interruption du service des postes.

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Decision Rendered Against Fred Louis Sebastian

Released on August 11, 2015

Financial and Consumer Affairs Authority of Saskatchewan (FCAA) decided that Fred Louis Sebastian shall cease trading in or acquiring securities, cease giving advice to Saskatchewan residents on securities, and pay a penalty of $75,000 as well as costs.

Sebastian will also be required to pay financial compensation of up to $100,000 to each person or company that suffered financial loss as a result of Sebastian’s actions, in an amount to be determined.

To review the panel findings visit www.fcaa.gov.sk.ca/Sebastian-Fred.

In a decision dated July 23, 2015, Sebastian was found to have contravened Saskatchewan securities laws by trading and advising in securities while not registered to do so, and making a prohibited representation with the intention of effecting a trade in securities.  He was also found to have engaged in a course of conduct in relation to securities that he knew or reasonably ought to have known perpetrated a fraud on a person.

In making its findings, the panel noted that Sebastian “acted without conscience, not appearing to care that his actions would cause significant economic loss and emotional distress.”

Be an informed investor and protect your money.  Make sure you know your risk tolerance, what you are investing in and who you are dealing with.

For information about how to protect yourself against investment fraud visit www.fcaa.gov.sk.ca.

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For more information, contact:

Noel Busse
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: noel.busse3@gov.sk.ca

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