A Temporary Cease Trade Order was issued against Epic Alliance Inc. on October 21, 2021, The Cease Trade Order was terminated by the FCAA Hearing Panel on November 16, 2021.
As this matter is still in progress, the FCAA cannot comment on the particulars of the matter.
Publicly available information includes the Temporary Cease Trade Order, Extending Order, and Termination Order. Other public information as it becomes available can be found at the Enforcement Proceedings page on the FCAA website.
Additional materials and documents filed in the proceeding may be available upon request by contacting the FCAA Registrar at registrarfcaa@gov.sk.ca or by phone at (306) 787-5646.
In Saskatchewan, companies and individuals need to be registered with the FCAA to trade, sell, or give advice on securities and derivatives. Unless an exemption is available, companies must use a prospectus document to trade securities and derivatives.
Epic Alliance, and its directors Rochelle Laflamme and Alisa Thompson, are not registered with the FCAA.
ORIGINAL ARTICLE:
The Financial and Consumer Affairs Authority of Saskatchewan (FCAA) has issued a Temporary Cease Trade Order (TCTO) against nine Saskatoon-based corporations and two Saskatoon residents, Alisa Thompson and Rochelle Laflamme.
The nine companies include:
- Epic Alliance Inc.
- Epic Alliance Real Estate Inc.
- 12099179 Canada Inc.
- 12195160 Canada Inc.
- 12195194 Canada Inc.
- 12262231 Canada Inc.
- 12693151 Canada Inc.
- 12767490 Canada Inc.
- 12884607 Canada Inc.
On their website, Thompson and Laflamme are cited as co-founders of Epic Alliance Inc. On October 14th Epic Alliance Inc. posted via Facebook, “Earn monthly cash flow with our Hassle-Free Landlord Program and we will get you on track to lead your best life! Check it out on our website.” They also state they “we follow the blueprints of some of the world’s most successful real estate investors,” and that they “have gone from start-up to million dollar deals in under three years because we strategize methodically and act quickly.”
The FCAA has stated that all trading in securities and derivatives by these parties must cease until November 5th, 2021, and the order may be extended. The order also removes the companies’ and individuals’ ability to use any exemptions related to the trade of securities and derivatives in Saskatchewan.
In Saskatchewan, companies and individuals need to be registered with the FCAA to trade, sell, or give advice on securities and derivatives. These companies and individuals are not registered with the FCAA.
“Before you engage in an investment opportunity or follow guidance from someone offering investment advice, check to see if the company or individual is registered by visiting www.aretheyregistered.ca,” said Harvey White, FCAA Director of Enforcement.
Anyone contacted by these companies or individuals should contact the FCAA’s Securities Division at 306-787-5936.
For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…
