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Dec 22, 2022
CALGARY – December 22, 2022 – The Alberta Securities Commission (ASC) has issued a Notice of Hearing alleging that Raymond Cawaling and RTAX Financial Corp. (RTAX) engaged in illegal distributions and perpetrated a fraud on investors.
The Notice of Hearing alleges that:
The allegations have not been proven.
An appearance to set a date for a hearing will be held on Wednesday, February 8, 2023 at 1:30 p.m.
A copy of the Notice of Hearing can be found on the ASC website at asc.ca.
The ASC is the regulatory agency responsible for administering the province's securities laws. It is entrusted with fostering a fair and efficient capital market in Alberta and with protecting investors. As a member of the Canadian Securities Administrators, the ASC works to improve, coordinate and harmonize the regulation of Canada's capital markets.
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