Nine Saskatoon Companies And Two Residents Must Stop Offering Investment Opportunities

The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Temporary Cease Trade Order (TCTO) against nine Saskatoon-based corporations and two Saskatoon residents. According to an October 29th, 2021 press release by the Government of Saskatchewan, the TCTO was issued to Alisa Thompson, Rochelle Laflamme and the following companies: 

  • Epic Alliance Inc.
  • Epic Alliance Real Estate Inc.
  • 12099179 Canada Inc.
  • 12195160 Canada Inc.
  • 12195194 Canada Inc.
  • 12262231 Canada Inc.
  • 12693151 Canada Inc.
  • 12767490 Canada Inc.
  • 12884607 Canada Inc.

All trading in securities and derivatives by these parties must cease until November 5, 2021, and the order may be extended. The order also removes the companies' and individuals' ability to use any exemptions related to the trade of securities and derivatives in Saskatchewan.

In Saskatchewan, companies and individuals need to be registered with the FCAA to trade, sell, or give advice on securities and derivatives. These companies and individuals are not registered with the FCAA. 

"Before you engage in an investment opportunity or follow guidance from someone offering investment advice, check to see if the company or individual is registered by visiting www.aretheyregistered.ca," said Harvey White, FCAA Director of Enforcement.

Anyone contacted by these companies or individuals should contact the FCAA's Securities Division at 306-787-5936.

For more investor protection tips, visit https://fcaa.gov.sk.ca/consumers-investors-pension-plan-members/investors.