In a Previous Post I suggested we contact the Securities commission and Miskealp1 responded by starting that we should contact the RCMP IMET.

If we our anyone feels that the current BoD has been in any way fraudulent as suggested by Misfit then the IMET should be contacted. If you read through the description below they mention fraudulent behavior and when they receive a concern from more then one source or several they are more likely to take a closer look.

Integrated Market Enforcement Team (IMET)
Frequently Asked Questions

· What is an IMET?

· What is the objective of the IMETs?

· What type of offences do IMETs investigate?

· How are IMETs contributing to Canada’s economic stability?

· How do IMETs discourage fraud?

· How many IMETs are established and where are they located?

· If I want an IMET to investigate a company - who do I contact?

· How are cases selected for investigation?

What is an IMET?

An Integrated Market Enforcement Team (IMET) is a group of highly specialized investigators dedicated to ensuring that those who commit serious capital markets fraud offences will be detected, charged and prosecuted in an effective and timely fashion.

The IMET investigative pool may be comprised of RCMP investigators, Department of Justice Canada legal advisors, securities regulators, representatives of other federal enforcement agencies, law enforcement agencies of local jurisdiction, forensic accountants and various support staff.

What is the objective of the IMETs?

The objective of the IMETs is to enhance the protection of Canada's capital markets through the detection, investigation and prevention of serious corporate and financial markets crime.

What type of offences do IMETs investigate?

IMETs are dedicated to the investigation and prosecution of serious Criminal Code of Canada capital markets fraud offences that are of national significance and involve actions by publicly-traded companies with sufficient market capitalization to pose a genuine threat to investor confidence in Canada’s capital markets and economic stability in Canada.

How are IMETs contributing to Canada’s economic stability?

Investor confidence is crucial to the efficient functioning of Canada’s capital markets and to the Canadian economy as a whole. In order for the Canadian economy to continue to grow, and for Canada to maintain its competitiveness with other countries, it is important that investors have confidence in Canadian capital markets and publicly traded companies. IMETs, through their investigative function, help deter and detect capital market fraud which in turn boosts investor confidence.

How do IMETs discourage fraud?

IMETs deter the commission of capital markets fraud offences by increasing the risk that persons who commit these types of serious offences will be investigated, prosecuted and incarcerated. This reinforces a culture of compliance in the corporate world and promotes investor confidence in Canada’s financial markets.

How many IMETs are established and where are they located?

Nine IMETs are operational in Canada. Three IMETs are in Toronto, with two each located in Vancouver, Montreal and Calgary. These teams are supported by a branch in Ottawa.

If I want an IMET to investigate a company - who do I contact?

The public is encouraged to suggest cases for investigation through the RCMP or any of the “portal agencies” located throughout the country. You can do this by contacting your local RCMP Commercial Crime section (or any other police agency of jurisdiction), or by reporting suspected investment frauds using the RECOL.ca (Reporting economic crime online) website.

Due to the IMET program’s very focused and dedicated investigative resources, there is not one specific office where the public can file complaints/request investigations. Instead, those complaints that are more demanding of a team approach to any subsequent investigation are referred to the IMETs for consideration by key stakeholder agencies. Each referred case is given a weighted score (as outlined below). The higher the score, the more likely the complaint will be investigated by an IMET.

How are cases selected for investigation?

Case selections are based on referrals from the RCMP’s Commercial Crime sections and other police forces across Canada. Cases are also forwarded through the RCMP’s web-based Economic Crime reporting system www.RECOL.ca. The IMETs also receive valuable input from our partner agencies such as the provincial securities commissions and other self regulatory agencies (‘SRO’s’).

Although a single case may not appear significant at first glance, other investors or members of the public may be making similar complaints which begin to identify trends and may assist an IMET in planning future investigations.

Any referred case is given a weighted score based upon a set of criteria that ensures that the most important cases relating to our investigative mandate receive the attention and resources they deserve. Cases with higher scores are more likely to be selected and investigated.

If you would like an IMET to consider accepting a case, simply report the complaint to any RCMP Commercial Crime Section, your police force of jurisdiction, or other agencies mentioned. It will be reviewed, scored, and considered against competing cases.