Regina's Alena Pastuch fined for securities violations

A Regina woman has been ordered to pay a penalty of $100,000 and $46,638 in hearing costs after contravening Saskatchewan's security laws.

Alena Maria Pastuch must also pay up to $100,000 to each person or company that suffered financial loss as a result of her actions, the Financial and Consumer Affairs Authority (FCCA) said Wednesday.

Pastuch fell afoul of the rules by trading in securities while not registered to do so or having filed a prospectus, the agency said in a news release.

It also found she had and engaging in unfair practices, ranging from "blatant misrepresentations" to "threats of dire consequences," the agency said.  

"She was also found to have engaged in fraudulent behaviour by acting in a manner that was deceitful and dishonest, to have withheld and concealed information from investigators during their investigations into her actions, and to have hindered or interfered with the investigators’ performing their duties," the agency said.

FCCA decided the penalties on Dec. 18.