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CALGARY – Alberta’s securities regulator is turning to a new motivational tool in an attempt to get the province’s fraudsters to pay fines and penalties for breaking the law: shame.

The Alberta Securities Commission released a list of people and companies that have failed to pay charges levied for misleading the public, perpetrating fraud on investors and other financial crimes on Thursday.

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This is the first time the province’s securities commission has published such a list, ASC spokesperson Mark Dickey said in an email.

The NDP’s landmark victory in the Alberta election may provide an opportunity for a shift in attitude toward joining a national cooperative securities regulator – yielding a significant consolation prize for the federal Conservative government.





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The list includes 135 names – though some people are listed twice, for separate infractions – and dates back to 2005. Dickey said the individuals and companies listed have failed to pay a total of $104.7 million.