The Alberta Securities Commission has varied and extended an interim order against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie and Robert Jacob Maljaars, broadening the restriction to prohibit the respondents from trading in all securities and keeping the order in effect until the enforcement proceeding is finally determined or otherwise concluded. The original interim order, issued on June 10, 2024 while staff investigated potential contraventions of Alberta securities laws, required the respondents to cease trading in securities issued by GIC Capital and Maljaars Financial for 12 months. A Notice of Hearing issued on May 13, 2025 alleges the respondents perpetrated a fraud on investors and failed to comply with the interim cease trade order; an appearance to set a hearing date is scheduled for July 15, 2025, and the panel will issue reasons for the variation and extension at a later date.
Alberta Securities Commission 2025-06-10
Alberta Securities Commission expands interim cease trade order to all securities and extends it against GIC Capital and Maljaars Financial respondents
The Alberta Securities Commission has extended and broadened an interim order against GIC Capital Corp., Maljaars Financial Inc., Jeff Barrie Wilkie, and Robert Jacob Maljaars, prohibiting them from trading in all securities until the enforcement proceeding is resolved. The original order, issued in June 2024, was due to potential contraventions of Alberta securities laws. A Notice of Hearing alleges fraud and non-compliance with the cease trade order, with a hearing date set for July 15, 2025.