Released on August 16, 2013
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a Temporary Cease Trade Order on August 16, 2013, against Hunter’s Run LLC and Hunter’s Run CP LLP of North Dakota, Henry Stuckless of Regina, and Marco-Abel Nordio of Surrey, British Columbia. The order expires on August 30, 2013, and may be extended.
The order directs all Hunter’s Run representatives, including Stuckless and Nordio, to cease trading and advising in limited partnership units and removes their ability to use any exemptions in Saskatchewan.
Earlier this month, Stuckless, a registered scholarship plan dealer, and Nordio, a controlling manager of Hunter’s Run CP LLP, held two seminars in Regina seeking investors in a property development project near Watford City, North Dakota that Hunter’s Run is promoting. FCAA has information that Stuckless met with Saskatchewan investors and attempted to solicit from $25,000 to $200,000 each for the purchase of limited partnership units. He provided interested individuals with information to wire transfer funds to a bank in North Dakota. Stuckless informed one individual that there were already six or seven Saskatchewan investors in the project.
“Neither Henry Stuckless nor Marco-Abel Nordio are registered with FCAA to trade in limited partnership units, so they have contravened The Securities Act,” FCAA Securities Division Deputy Director Ed Rodonets said. “We are issuing this order immediately to better protect Saskatchewan investors and ask that anyone who has additional information contact us.”
FCAA’s Securities Division can be contacted by calling 306-787-5645.
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For more information, contact:
Daniela Machuca
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: daniela.machuca@gov.sk.ca