An Alberta Securities Commission (ASC) panel has published written reasons for its 19 December 2025 interim order against Midas Vantage Projects (MVP) Lithium Limited, Carolyn Jean Orazietti (also known as Carolyn Jean Beeler), and Vinay Ramachand Iyer (also known as Max Iyer). The interim order followed a 19 December 2025 hearing after ASC Staff filed a Notice of Hearing on 11 December 2025 seeking protective measures while investigating potential breaches of the Securities Act (Alberta). The panel found sufficient evidence that the respondents engaged in fraud, made prohibited representations about MVP securities, and misled Staff, and the written reasons emphasise the seriousness of the alleged misconduct, potential investor harm, and the need to prevent ongoing capital market misconduct while the investigation and hearing proceed.
Alberta Securities Commission 2026-04-21
Alberta Securities Commission issues written reasons upholding interim order against MVP Lithium and two individuals amid fraud allegations
The Alberta Securities Commission has published written reasons for its 19 December 2025 interim order against Midas Vantage Projects (MVP) Lithium Limited, Carolyn Jean Orazietti (also known as Carolyn Jean Beeler), and Vinay Ramachand Iyer (also known as Max Iyer). The panel found sufficient evidence of fraud, prohibited representations about MVP securities, and misleading of Staff, and highlighted the seriousness of the alleged misconduct and potential investor harm while the investigation and hearing continue.