Government of Saskatchewan ministries, Crown corporations and organizations are working to minimize the impacts of the postal service disruption.
Les ministères, les sociétés d’État et les organismes du gouvernement de la Saskatchewan travaillent à réduire au minimum les répercussions de l’interruption des services postaux.
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Released on March 15, 2013
The Financial and Consumer Affairs Authority (FCAA) of Saskatchewan issued a Temporary Cease Trade Order on March 12, 2013, against Adele Kaminsky of North Battleford, Saskatchewan. The order expires on March 26, 2013, and may be extended.
The order directs Kaminsky to cease trading and advising in securities and exchange contracts and removes the ability to use any exemptions in Saskatchewan.
The FCAA Securities Division has information that Adele Kaminsky operates a business known as A.K. Financial Planning Services out of an office at 1731 – 100th Street, North Battleford, Saskatchewan.
Kaminsky, who was a registered mutual funds dealing representative operating under a registered dealer, had contacted investors in Saskatchewan for the purpose of trading in securities other than mutual funds. The FCAA has received information that Kaminsky promoted and received investments in Enviro-Can Private Placement and an unidentified foreign currency fund. Kaminsky is not registered in Saskatchewan to trade or give advice about securities, and neither Enviro-Can nor the foreign exchange fund has been found to be registered. Information received also indicated that funds intended for investment by individuals were placed in the personal bank accounts of Kaminsky.
“The mutual fund company that Kaminsky worked under is not a concern in this matter, nor is the licensed activity of A.K. Financial Planning Services,” Securities Division Deputy Director Ed Rodonets said. “Our focus is on the activities of Ms. Kaminsky regarding outside business activities; especially Enviro-Can and foreign exchange funds she was promoting. We are seeking the assistance of anyone who may have had dealings with her on these two promotions.”
Anyone who has information or concerns with Kaminsky in any investment activity outside the mutual fund and insurance business should contact the FCAA Securities Division at 306-787-5645.
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For more information, contact:
Ed Rodonets
Financial and Consumer Affairs Authority
Regina
Phone: 306-787-5850
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