Justice Department's indictment of Semion Mogilevich
Justice Department's indictment of Semion Mogilevich
Justice Department's indictment of Semion Mogilevich
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the protection <strong>of</strong> investors in securities and promoted observance <strong>of</strong> United States federal and<br />
state securities laws by its members. The NASDAQ Stock Market was an electronic, computer<br />
screen–based market that enabled securities firms to execute transactions for investors in the<br />
companies that are listed on NASDAQ. Companies that were listed on the NASDAQ were<br />
required to comply with the NASD’s rules and regulations, as well as those <strong>of</strong> the SEC, in order<br />
to maintain their listing on the NASDAQ.<br />
22. The Alberta Securities Commission (“ASC”) was a governmental<br />
regulatory body in Canada which administered and enforced Canadian securities legislation and<br />
regulations in the province <strong>of</strong> Alberta, including supervisory oversight <strong>of</strong> the regulations <strong>of</strong> the<br />
Alberta Stock Exchange.<br />
23. The Alberta Stock Exchange (“ASE”) was a self-regulatory organization<br />
located in Calgary, Canada that provided a securities market for the trading <strong>of</strong> securities and<br />
monitored and enforced compliance with the Canadian securities regulations <strong>of</strong> its exchange.<br />
The ASE had a program for start-up companies with no significant assets or business, known as<br />
Junior Capital Pool ("JCP"), which provided such companies easier access to listing on the ASE<br />
in order to raise capital to conduct business in Canada. Companies had to satisfy and comply with<br />
specific requirements and regulations <strong>of</strong> the ASE in order to avail themselves <strong>of</strong> this type <strong>of</strong><br />
listing.<br />
24. The Ontario Securities Commission (“OSC”) was a governmental<br />
regulatory body in Canada which administered and enforced securities legislation and regulations<br />
in the province <strong>of</strong> Ontario, including supervisory oversight <strong>of</strong> the regulations <strong>of</strong> the Toronto<br />
Stock Exchange.<br />
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