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by Mike Caswell
The U.S. Securities and Exchange Commission has filed civil fraud charges against Mississauga's Douglas Murdock for misleading the public with respect to a purported water treatment listing. The SEC claims that he acquired a large block of tradable shares in an OTC Markets company called Analytica Bio-Energy Corp. through backdated consulting agreements. He and an associate then sold the shares on the market, generating $582,000 in gains, according to the regulator. (All figures are in U.S. dollars.)
The charges are contained in a civil complaint that the SEC filed on Wednesday, Feb. 28, in federal court in the District of Columbia. The complaint identifies Mr. Murdock, 84, as a man who is permanently barred in Canada from trading and from being an officer or director. (The Ontario Securities Commission imposed that ban in 2002, claiming that Mr. Murdock was the president a company that used money for purposes undisclosed to investors.) Also a defendant is Mississauga resident Luiz O. Brasil, 57, who the SEC claims served as the nominal president of Analytica Bio-Energy.
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