Google Translate Disclaimer

A number of pages on the Government of Saskatchewan's website have been professionally translated in French. These translations are identified by a yellow box in the right or left rail that resembles the link below. The home page for French-language content on this site can be found at:

Renseignements en Français

Where an official translation is not available, Google™ Translate can be used. Google™ Translate is a free online language translation service that can translate text and web pages into different languages. Translations are made available to increase access to Government of Saskatchewan content for populations whose first language is not English.

Software-based translations do not approach the fluency of a native speaker or possess the skill of a professional translator. The translation should not be considered exact, and may include incorrect or offensive language. The Government of Saskatchewan does not warrant the accuracy, reliability or timeliness of any information translated by this system. Some files or items cannot be translated, including graphs, photos and other file formats such as portable document formats (PDFs).

Any person or entities that rely on information obtained from the system does so at his or her own risk. Government of Saskatchewan is not responsible for any damage or issues that may possibly result from using translated website content. If you have any questions about Google™ Translate, please visit: Google™ Translate FAQs.

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

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


For more information, contact:

Noel Busse
Financial and Consumer Affairs Authority
Phone: 306-798-4160

We need your feedback to improve Help us improve