OSC Panel Issues Sanctions Against Kolt Curry, Laura Mateyak, American Heritage Stock Transfer Inc., and American Heritage Stock Transfer, Inc.

TORONTO – In a decision released today, an Ontario Securities Commission (OSC) panel ordered Kolt Curry (Curry), American Heritage Stock Transfer Inc. (AHST Ontario), American Heritage Stock Transfer, Inc. (AHST Nevada), to jointly pay an administrative penalty of $100,000 for breaches of the Securities Act. Laura Mateyak (Mateyak) was ordered to pay a penalty of $2,500. Curry and the companies were also ordered to pay hearing costs of $60,000.

Curry and the companies were sanctioned for their roles in an “advance fee scheme” in which they sent more than 10,000 letters enclosing securities and making false statements. Mateyak was found to have acquiesced in the breaches in her capacity as an officer and director of AHST Ontario.

Curry, AHST Ontario and AHST Nevada were also reprimanded and permanently banned from trading in or acquiring securities, from relying on any exemptions in Ontario securities law, from acting as a director or officer of an issuer and from acting as a registrant, an investment fund manager or as a promoter. Mateyak received five year bans in the same categories. Curry and Mateyak were also banned from telephoning residences for the purpose of trading in securities.

On May 16, 2013, the parties filed Agreed Facts and the Commission issued an order finding that Curry and the AHST Companies had traded securities without registration, illegally distributed securities and made prohibited representations contrary to section 44(2) of the Securities Act.

In a separate decision released on August 7, 2013, the Commission found that Sandy Winick provided Curry with the contents of the “Nanotech Letter” and the addresses of the recipients, as well as arranged to pay for the printing and mailing of more than 10,000 letters and securities. The Commission found that, in doing so, Winick had traded without registration and engaged in an illegal distribution of securities.

The sanctions hearing was held on October 10, 2013. A copy of the Reasons and Decision on Sanctions in this matter is available on the OSC website at www.osc.ca.

The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in capital markets. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC’s investor materials available at www.osc.ca.

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