11:01:21 EDT Fri 29 Mar 2024
Enter Symbol
or Name
USA
CA



SEC charges banned Ontario resident Murdock

2018-02-28 20:47 ET - Street Wire

Also Street Wire (U-ABEC) Analytica Bio-Energy Corp

This item is part of Stockwatch's value added news feed and is only available to Stockwatch subscribers.

Here is a sample of this item:

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.

The remainder is available to Stockwatch subscribers.
Sign-up for a FREE 30-day Stockwatch subscription and SEE NO ADS

© 2024 Canjex Publishing Ltd. All rights reserved.


Reader Comments - Comments are open to paying subscribers of Stockwatch and unmoderated, although libelous remarks, obscene language and impersonations may be deleted. Opinions expressed do not necessarily reflect the views of Stockwatch.
For information regarding Canadian libel law, please view the University of Ottawa's FAQ regarding Defamation and SLAPPs.


Comments for this item are closed