Web Archive: News Releases

Web Archive

August 2, 2007
For immediate release

PEI Securities Office issues Investor Alert on Saxon Consultants Ltd., Saxon Financial Services Ltd., Merchant Capital Markets SA, Merchantmarx and Others

Office of the Attorney General

The Saskatchewan Financial Services Commission, New Brunswick Securities Commission and Ontario Securities Commission have issued cease trade orders against Saxon Consultants Ltd., Saxon Financial Services Ltd., Merchant Capital Markets SA, Merchantmarx and other related entities. Residents of these provinces have been aggressively solicited by the respondents without benefit of registration with the appropriate Commission. The complete list of respondents is contained in the links below.

The companies subject to the order are not related to Saxon Financial Inc., a legitimate mutual fund company based in Toronto, Ontario.

The PEI Securities Office has determined that there is activity in Prince Edward Island and is further investigating. PEI investors should be cautious when making investment decisions, particularly in regards to firms they are not familiar with. If you have been contacted by one of the respondents or someone attempting to sell questionable investments, contact the Prince Edward Island Securities Office at (902) 368-4550.

To access additional information regarding the cease trade orders, please see the attached links:

http://www.gov.sk.ca/news?newsId=5f7ff009-b5e1-4917-b8c0-d10b9fd00be6

http://www.nbsc-cvmnb.ca/nbsc/news_content_display.jsp?news_id=31&id=24&p

http://www.osc.gov.on.ca/Media/NewsReleases/2007/nr_20070726_osc-saxon.jsp

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Media Contact: Mark Gallant

This information has been taken from the website:
Web Archive
URL: http://www.gov.pe.ca/webarchive/index.php?number=news&dept=&newsnumber=5280&lang=E

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