An Alberta Securities Commission panel has published written reasons for its Interim Order: Variation and Extension against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie, and Robert Jacob Maljaar. The interim order, as varied, prohibits the respondents from trading in all securities and remains in effect until the enforcement proceeding is finally determined or otherwise concluded. The proceeding was initiated by a Notice of Hearing issued on May 13, 2025, alleging that the respondents perpetrated a fraud on investors and failed to comply with an Interim Cease Trade Order dated June 10, 2024. In its written decision, the panel cited the seriousness of the alleged misconduct and found indications the respondents were attempting to circumvent the interim order, extending and broadening the restraints to address conduct that poses a risk of harm to investors pending a final determination. A hearing on the merits of the allegations is scheduled for March 2026.
Alberta Securities Commission 2025-11-14
Alberta Securities Commission issues written decision keeping expanded interim order in place and banning all securities trading by GIC Capital Corp and related respondents
The Alberta Securities Commission has extended an Interim Order against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie, and Robert Jacob Maljaar, prohibiting them from trading in all securities until the enforcement proceeding is resolved. The panel cited serious allegations of fraud and attempts to circumvent a previous order, posing a risk to investors. A hearing on the merits is set for March 2026.