ASC orders Calgary man to repay $3.2M

Misled investors? Check. Unlawfully sold investments? Check. Squandered investors money? Check. Wasted the life savings of elderly retirees? Check. No, I'm not talking about the ABC District CEF/DIL yet - but their day is coming. This is the case of Vernon Ray Fauth who was convicted of multiple securities violation by the ASC. The ASC... Continue Reading →

CEF/DIL: ASC vs LCC et al

Last August 2018 the ASC held a meeting to determine the date for the hearing to consider the case against the various respondents. In Jan 2019 counsel for the respondents and some non-party people defending against a representative action tried to delay the case and were turned down. A little while later counsel for the respondents appealed... Continue Reading →

LCC Board of Directors Wants to Hear From You / Part 2 – Conclusion

Part 1 of this series discussed the Synod BOD's "request for comments". Part 2 is one member's response to that request. To: Mr. Arnold Drung Chairman of the Board of Directors of Lutheran Church Canada From: Rev. Robert Clifford Pastor of the Hanover, Kincardine, Southampton, Ontario tri-parish It was good to see you the other weekend... Continue Reading →

ASC Hearing Ruling: Balance of Convenience

In the ASC hearing one point of discussion was what was termed a "Balance of Convenience".  The Encyclopedia of Canadian Law defines this term so: Balance of Convenience meaning or description: a common law test; a court applying this test will balance the prejudice to one party of denying the relief asked for, against the prejudice to the... Continue Reading →

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