June
1, 2001
THE MANITOBA SECURITIES COMMISSION
ISSUES A CEASE TRADE ORDER AGAINST TRI-WEST INVESTMENT CLUB
Winnipeg, - The Manitoba Securities Commission
has taken action against Ernest David Janzen of Winkler, Manitoba
and Tri-West Investment Club.
The Commission ordered that all trading in the securities of Tri-West
Investment Club stop. The Commission further ordered that Janzen be
prohibited from the use of any exemptions under the Act. Tri-West Investment
Club and Ernest David Janzen are not registered to trade in securities
in the Province of Manitoba. "The issuing of a temporary order
by the Commission prior to a full hearing being held should send a
message to the public that the activities are serious and potentially
harmful," said Doug Brown, Director of Legal and Enforcement for
the Commission.
Written material being distributed describes investing in units of
$1,000.00 USD each for a period of one year with a return of 10% per
month. The material also promotes a referral program whereby Tri-West
Investment Club pays a bonus to any member making a referral. The bonus
is 15% of the new investment and 15% of the income earned on the new
member's investment.
Tri-West Investment Club is using an address in Belize City, Belize.
They also have a web site and a US fax on demand number.
If you have purchased or are contacted to purchase investments in
Tri-West Investment Club, please contact The Manitoba Securities Commission
at (204) 945-2548 and ask to speak to an investigator. If you live
outside Winnipeg, you can contact the Commission toll free (in Manitoba)
at 1-800-665-5244.
The order will be in effect until June 11, 2001 when the matter will
come before the Commission. Other Canadian and US securities regulators
have issued cease trade orders respecting Tri-West Investment Club.
CONTACT:
Ainsley Cunningham
Education and Information Coordinator
The Manitoba Securities Commission
(204) 945-4733
aicunningh@cca.gov.mb.ca
THE MANITOBA SECURITIES COMMISSION ISSUES A CEASE TRADE ORDER AGAINST TRI-WEST INVESTMENT CLUB
Winnipeg, - The Manitoba Securities Commission has taken action against Ernest David Janzen of Winkler, Manitoba and Tri-West Investment Club. The Commission ordered that all trading in the securities of Tri-West Investment Club stop. The Commission further ordered that Janzen be prohibited from the use of any exemptions under the Act. Tri-West Investment Club and Ernest David Janzen are not registered to trade in securities in the Province of Manitoba. "The issuing of a temporary order by the Commission prior to a full hearing being held should send a message to the public that the activities are serious and potentially harmful," said Doug Brown, Director of Legal and Enforcement for the Commission.
Written material being distributed describes investing in units of $1,000.00 USD each for a period of one year with a return of 10% per month. The material also promotes a referral program whereby Tri-West Investment Club pays a bonus to any member making a referral. The bonus is 15% of the new investment and 15% of the income earned on the new member's investment.
Tri-West Investment Club is using an address in Belize City, Belize. They also have a web site and a US fax on demand number.
If you have purchased or are contacted to purchase investments in Tri-West Investment Club, please contact The Manitoba Securities Commission at (204) 945-2548 and ask to speak to an investigator. If you live outside Winnipeg, you can contact the Commission toll free (in Manitoba) at 1-800-665-5244.
The order will be in effect until June 11, 2001 when the matter will come before the Commission. Other Canadian and US securities regulators have issued cease trade orders respecting Tri-West Investment Club.
CONTACT:
Ainsley Cunningham
Education and Information Coordinator
The Manitoba Securities Commission
(204) 945-4733
aicunningh@cca.gov.mb.ca
