Newspaper article The Canadian Press

Securities Regulators Commission Orders Candice Graf Market Ban until Penalty Paid

Newspaper article The Canadian Press

Securities Regulators Commission Orders Candice Graf Market Ban until Penalty Paid

Article excerpt

Calgary real estate mentor fined $250,000

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CALGARY - A Calgary developer and financial mentor faces fines and costs of more than $300,000 for breaching Alberta securities laws in a number of real estate ventures.

Candice Anne Graf also faces an array of bans from the financial markets for at least 10 years under a ruling issued Tuesday by the Alberta Securities Commission.

Graf and her companies were found to have illegally distributed securities from 2002 to 2012 while raising funds for several residential developments in the Calgary area, some of which failed.

A commission panel also ruled they also made prohibited representations to investors.

The commission ordered Graf to pay of fine of $250,000 plus hearing costs of $63,750 and said orders banning her from financial markets would be extended until the fine was paid. …

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