A very good friend of mine, told me something the other day; she said this W5 episode was very interesting, I agree. I was interested in the non action by the ASC until the supposedly fraudulent activity was revealed by W5, then about 10 days after the air date , ASC decided they should press charges. I believe it easily shows how dysfunctional the regulators are when a W5 reporter has to hand them violations on a silver platter before they will act. We are led to believe that regulators are comprised of professionals, in my experience to date, I see no professionalism displayed, only what I feel to be neglect and incompetence. I wonder if the SLI story was aired, would there be any regulatory action follow promptly?

"It now seems that someone was listening to Slattery, Lonardelli, and the investors. On October 1, 2013, the Alberta Securities Commission (ASC) announced it had laid five charges against Ron Aitkensin Alberta Provincial Court. The ASC alleges that Aitkens breached Alberta securities law by trading in securities without registration; distributing securities without a prospectus; making false or misleading statements in an Offering Memorandum; and perpetrating a fraud on his investors."

Read more: http://www.ctvnews.ca/w5/w5-investigates-investors-lose-savings-in-alberta-real-estate-projects-1.1463419#ixzz328g2cDlf

Also, here is some info on previous suspected scandals with the ASC that I have found. Also, don,t forget the information about an ASC investigator that I included in my letter to the Public Safety Minister requesting an investigation into the ASC and BCSC, as well as the TSX Compliance department.

http://investorvoice.ca/Scandals/ASC/ASC_index.htm