Released on December 31, 2014
Financial and Consumer Affairs Authority of Saskatchewan (FCAA) decided on December 18, 2014, that Alena Marie Pastuch, and the companies she controlled, shall, among other things, cease trading in or acquiring securities, cease giving advice to Saskatchewan residents on securities, and pay a penalty of $100,000 and $46,638 in hearing costs.Pastuch and the companies are also required to pay financial compensation of up to $100,000 to each person or company that suffered financial loss as a result of Pastuch’s actions.
To review the panel findings visit www.fcaa.gov.sk.ca/Pastuch-Alena-Marie.
In findings released earlier this year, Pastuch was found to have contravened Saskatchewan securities laws by trading in securities while not registered to do so or having filed a prospectus, and engaging in unfair practices, ranging from blatant misrepresentations to threats of dire consequences. She was also found to have engaged in fraudulent behavior by acting in a manner that was deceitful and dishonest, to have withheld and concealed information from investigators during their investigations into her actions, and to have hindered or interfered with the investigators’ performing their duties.
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:
Shannon McMillan
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160