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Decision Issued On Aidan Trading, Catalyst CM Limited And Peter Jensen Matter

Released on April 23, 2019

Financial and Consumer Affairs Authority of Saskatchewan (FCAA) issued a decision on April 1, 2019, against Aidan Trading, Catalyst CM Limited, and their representative, Peter Jensen who were acting as advisers and as dealers in securities or derivatives in Saskatchewan.

The decision determined that heating oil options which had been offered for investment to a resident in Saskatchewan were derivatives and subject to Saskatchewan’s securities legislation.  The parties were not registered in Saskatchewan and should not have been trading or advising about securities or derivatives.

Along with contacting a proposed investor by telephone to offer investments, the Hearing Panel heard that they also had a website, www.aidantrading.com, which offered foreign exchange options, contracts for difference and forex spot trading.  The companies had also been the subject of investor alerts in other Canadian jurisdictions.

Aidan Trading, Catalyst CM Limited and Peter Jensen have been ordered to pay an administrative penalty of $25,000.  They are also banned from trading in securities or derivatives in the province, permanently, and from giving advice with respect to securities or derivatives.

To review the Panel’s decision visit http://fcaa.gov.sk.ca.

An investor should always check to see if a company is registered to trade in Saskatchewan, before handing over their money.  A company’s registration status can be checked by using the Canadian Securities Administrators’ National Registration Search database at www.aretheyregistered.ca.

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For more information, contact:

Shannon McMillan
Financial and Consumer Affairs Authority
Regina
Phone: 306-798-4160
Email: shannon.mcmillan@gov.sk.ca

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