Wealth Stewards Portfolio Management Inc., Sushila Lucas and Bruce Calvin Deck

For Immediate Release OSC Investor Alert

TORONTO – Staff of the Ontario Securities Commission (OSC) is alerting investors not to enter into investment management agreements with Wealth Stewards Portfolio Management Inc. or its principals Sushila Lucas or Bruce Calvin Deck.

Effective June 13, 2014, the registration of Wealth Stewards Portfolio Management Inc. and Ms. Lucas has been suspended by a Director of the OSC. A suspension means that Wealth Stewards Portfolio Management Inc. and Ms. Lucas may no longer advise others about buying, selling, holding or investing in securities for the suspension time periods specified in the Director’s decision. Mr. Deck is not and had not been registered to advise in securities in any Canadian jurisdiction as at the time of the Director’s decision.

Under section 28 of the Securities Act (Ontario), a Director of the OSC may suspend the registration of a firm or individual if it appears that the firm or individual is not suitable for registration, has failed to comply with Ontario securities law, or if their registration would otherwise be objectionable. The Director’s written reasons for the decision to suspend Wealth Stewards Portfolio Management Inc. and Ms. Lucas are published on the OSC’s website.

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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For Media Inquiries:

Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Aly Vitunski
Senior Media Relations Specialist
416-593-8263

Alison Ford
Media Relations Specialist
416-593-8307

For Investor Inquiries:

OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)