CALGARY – The Alberta Securities Commission and RCMP are teaming up to prevent individuals from slipping through the cracks on securities-related criminal offences.
The Joint Serious Offences Team will investigate what it calls quasi-criminal cases under Alberta’s Securities Act and related offences that fall under the Criminal Code.
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Stan Magidson, chair of the securities commission, says the new unit will target repeat offenders, serious frauds and breaches of securities legislation.
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He says the two bodies will share information and work together at an earlier stage, reducing the chances of parallel investigations and prosecutions.
The nine-person team, which is already up and running, is made up of investigators, forensic accountants, legal professionals and RCMP officers.
Magidson says the RCMP involvement should make tougher sentences more likely for those convicted of white collar crimes.