{"id":15090,"date":"2019-06-03T17:26:54","date_gmt":"2019-06-03T21:26:54","guid":{"rendered":"https:\/\/insurance-journal.ca\/article\/former-edmonton-rep-settles-with-asc-for-market-manipulation\/"},"modified":"2019-06-03T17:26:54","modified_gmt":"2019-06-03T21:26:54","slug":"former-edmonton-rep-settles-with-asc-for-market-manipulation","status":"publish","type":"post","link":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/2019\/06\/03\/former-edmonton-rep-settles-with-asc-for-market-manipulation\/","title":{"rendered":"Former Edmonton rep settles with ASC for market manipulation"},"content":{"rendered":"\n<div><img decoding=\"async\" src=\"http:\/\/insurance-journal.ca\/media\/photologue\/photos\/judges_gavel.png\" class=\"ff-og-image-inserted\"><\/div>\n<p>The <strong>Alberta Securities Commission<\/strong> (ASC) announced June 3 that it has concluded a settlement with <strong>Henry Ian Thor<\/strong> of Edmonton, a former registered representative at a financial services firm.<\/p>\n<p>Thor admitted to a breach of Alberta securities laws relating to a series of improper transactions, on behalf of a client, in shares of a publicly traded company, says the regulator. The settlement outlines that Thor \u201crepeatedly entered bids on behalf of a client for shares late in the trading day that were higher than the last trade of the day, resulting in at least 25 high close transactions.\u201d<\/p>\n<p>Thor admitted that he ought to have known that the high close purchases may result in, or contribute to, a false or misleading appearance of trading activity and an artificial price for a security, says the regulator.<\/p>\n<p>As part of the settlement, Thor paid the ASC $40,000 and agreed that for a period of four years, with limited exceptions, to refrain from trading in or purchasing any securities or derivatives.<\/p>\n<p>To learn more, consult the <a href=\"https:\/\/c212.net\/c\/link\/?t=0&amp;l=en&amp;o=2485225-1&amp;h=1773953270&amp;u=https%3A%2F%2Fwww.albertasecurities.com%2F-%2Fmedia%2FASC-Documents-part-1%2FNotices-Decisions-Orders-Rulings%2FEnforcement%2F2019%2F06%2FTHOR-Henry-Ian-SAU-20190531-5441471.ashx&amp;a=Settlement+Agreement\" target=\"_blank\" rel=\"noopener noreferrer\">Settlement Agreement<\/a>.<\/p>\n<p> <a href=\"https:\/\/insurance-journal.ca\/article\/former-edmonton-rep-settles-with-asc-for-market-manipulation\/\">Read the original article at insurance-journal.ca <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Alberta Securities Commission (ASC) announced June 3 that it has concluded a settlement with Henry Ian Thor of Edmonton, a former registered representative at a financial services firm. Thor admitted to a breach&#46;&#46;&#46;<\/p>\n","protected":false},"author":578,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[],"tags":[],"jetpack_featured_media_url":"","_links":{"self":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15090"}],"collection":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/users\/578"}],"replies":[{"embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/comments?post=15090"}],"version-history":[{"count":0,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/posts\/15090\/revisions"}],"wp:attachment":[{"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/media?parent=15090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/categories?post=15090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blog.lifeinsurance-orleans.ca\/index.php\/wp-json\/wp\/v2\/tags?post=15090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}