/C O R R E C T I O N from Source -- Alberta Securities Commission/

In the news release, ASC alleges Edmonton exempt market dealer improperly sold investments, issued today Alberta Securities Commission over Cision, we are advised by the company that the headline should read "ASC alleges Edmonton exempt market dealing representative improperly sold investments". The complete, corrected release follows:

CALGARY, Dec. 21, 2018 /CNW/ - The Alberta Securities Commission (ASC) has issued a Notice of Hearing against Kenton Roy Rustulka (Rustulka) in connection with the sale of exempt market securities while employed with the exempt market dealer firm WealthTerra Capital Management Inc. According to the Notice of Hearing, $6.5 million was raised from investors between January 1, 2013 and June 3, 2016, earning Rustulka commissions of approximately $460,000.

ASC staff allege that Rustulka, a former Edmonton police officer and senior pastor, materially misled investors as to the high risks associated with exempt market securities.  It is further alleged Rustulka failed to comply with Know Your Client and suitability obligations, and aided certain of his clients in obtaining borrowed money to make leveraged purchases, resulting in his clients purchasing unsuitably high-risk investments.

The allegations have not been proven.

An appearance to set a date for a hearing will be held on Wednesday January 9, 2019 at 3:00 pm in the ASC Hearing Room on the 5^th floor, 250 – 5 Street SW, Calgary, Alberta.

A copy of the can be found on the ASC website at .

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.

SOURCE Alberta Securities Commission