Alberta Securities Commission finds man guilty of investment fraud
1 report, 1 independent
Updated Mon 00:00
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What happened
The Alberta Securities Commission found Terrance Anthony Sweeney violated provincial securities laws on October 12, 2026. Sweeney collected over $222,000 from 15 investors through a foreign exchange trading scheme, promising significant returns. Investigators found that the collected funds were diverted for personal expenses, loan payments, and transfers to other investors, resembling a Ponzi scheme.
Why it matters
The case involves the diversion of investor capital, resulting in the loss of entire investments for most participants. The finding highlights the risks associated with unregulated online trading courses and investment schemes.
Who's involved
- Alberta Securities CommissionRegulatory body that found Terrance Anthony Sweeney in violation of securities laws
- AlbertaProvince where the Alberta Securities Commission operates
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The entities involved
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Alberta Securities Commission
Canadian securities regulatory body