The Alberta Securities Commission (ASC) has found that Glenn Donald Hunter and Kyle William Watters, and their companies HW & Associates Inc. and HW TradeFX LLC, breached Alberta securities laws by acting as dealers for foreign exchange trading without being registered. An ASC panel determined that, between February 2021 and February 2023, the respondents raised about CAD 20 million from approximately 200 investors, and all admitted to engaging in the business of trading without being registered as dealers. The proceeding now moves to a second phase to determine what, if any, sanctions or cost recovery orders should be made, with timing to be set after hearing from the parties.
Alberta Securities Commission 2025-10-09
Alberta Securities Commission finds Hunter and Watters and their firms illegally dealt in foreign exchange trading without registration
The Alberta Securities Commission (ASC) found Glenn Donald Hunter, Kyle William Watters, and their companies HW & Associates Inc. and HW TradeFX LLC breached Alberta securities laws by acting as dealers for foreign exchange trading without registration. An ASC panel noted they raised about CAD 20 million from 200 investors between February 2021 and February 2023. The proceeding will now enter a second phase to decide on potential sanctions or cost recovery orders.