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Ralph Klein has gone and it is time to retire Ralph's World. Thanks to all of you who have supported this venture by contributing material and through your comments. It has been fun.
Should we get another blog underway? Let me know your thoughts by e-mailing me at johnnyslow@gmail.com.
John Slow
January 1, 2007
Wednesday, November 30, 2005
Fee Fine Fo Fum at the ASC
Bill Rice, chairman of the Alberta Securities Commission was recently fined $1,000 for being a couple of months late in disclosing the insider trades he made in the shares of Tesco Corp., a well-drilling company he was also chair of until the beginning of November. You can read all about it by clicking here.
ASC spokeswoman Siobhan Vinish announced it this way. "He was assessed a late-filing fee, to be paid to the Ontario Securities Commission, which collects such payments,"
Bill makes about $700,000 a year at the ASC. When you make that much I guess in this province you don't pay fines; you pay fees. Makes it sound more like buying an annual pass to the national parks.
Good job Ms. Vinish. Good job Mr. Rice.
I feel better now about the ASC.
