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Updated: 6th January 2019 12:56

Calgary man fined for securities fraud

The Alberta Securities Commission has fined a Calgary man nearly $190,000 for defrauding investors.

The Alberta Securities Commission has fined a Calgary man nearly $190,000 for defrauding investors.

The commission says Vincenzo Sirianni breached a number of regulations, including one that forbids the distribution of securities without use of a prospectus or an available exemption.

The commission says that between July and December of last year, Sirianni raised $60,000 to $80,000 from at least 12 Alberta investors.

He's been ordered to pay an administrative penalty of $180,000, plus another $9,000 for the investigation. 

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