New Brunswick Securities Commission

Public hearing into alleged misrepresentations (08/12/05)

NB 1773

Dec. 5, 2008

SAINT JOHN (CNB) - A public hearing will be held at 10 a.m. on Thursday, Dec. 18, at the offices of the New Brunswick Securities Commission, 85 Charlotte St., Suite 300, Saint John, as part of an ongoing investigation of a New Brunswick tax consultant.

The commission is investigating Wayne Mallett of Wayne Mallett and Associates Ltd., based in Riverview. Enforcement staff allege that Mallett made misrepresentations to an investigator while under oath.

Enforcement staff are requesting an order prohibiting Mallett from using any exemption under the securities regulations to trade in securities in New Brunswick. Mallett has never been registered to trade in securities in New Brunswick.

The commission is the Crown corporation regulating the securities industry in New Brunswick. It is funded indirectly by investors through industry. Its mandate is to protect investors from unfair, improper or fraudulent practices, and to foster fair and efficient capital markets, as well as confidence in those markets.

08/12/05

MEDIA CONTACT: Michelle Robichaud, communications officer, New Brunswick Securities Commission, 506-643-7045 or 1-866-933-2222, Michelle.Robichaud@nbsc-cvmnb.ca.

08/12/05