Investment news: Temporary business ban order for nine companies and two residents

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Nine Saskatoon-based companies and two Saskatoon residents have received a Temporary Business Cessation Order (TCTO) from the Saskatchewan Financial and Consumer Affairs Authority.

The residents are Alisa Thompson and Rochelle Laflamme.

The companies are:

  • Epic Alliance Inc.
  • Epic Alliance Immobilier Inc.
  • 12099179 Canada Inc.
  • 12195160 Canada Inc.
  • 12195194 Canada Inc.
  • 12262231 Canada Inc.
  • 12693151 Canada Inc.
  • 12767490 Canada Inc.
  • 12884607 Canada Inc.

Thompson and Laflamme are cited as founders of Epic Alliance Inc. on a post on their Facebook page from 2019.

An October 14 post by Epic Alliance Inc. on Facebook read, “Earn monthly cash with our hassle-free homeowner program and we’ll put you on the right path to leading your life! Check it out on our website. “

The FCAA has stated that all securities derivative transactions by listed parties must cease until November 5, when the order can be extended. The order also removes the ability of corporations and individuals to use any exemptions related to trading in securities and derivatives in Saskatchewan.

Businesses and individuals must be registered with the FCAA to trade, sell or advise on securities and derivatives in Saskatchewan. The companies and individuals listed were not registered with the FCAA according to a statement Friday afternoon from the province.

“Before committing to any investment opportunity or taking the advice of someone offering investment advice, check to see if the business or individual is registered by visiting www.aretheyregistered.ca,” said Harvey White , FCAA Law Enforcement Director.

Anyone contacted by these companies or individuals should contact the Securities Division of the FCAA at 306-787-5936.

Epic Alliance Inc. did not immediately respond to a request for comment.


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