Proceedings

Notice from the
Office of the Secretary

Ontario Crest

Ontario
Securities
Commission


20 Queen St. W.
22nd Floor
Toronto, ON M5H 3S8
Commission des
valeurs mobilières
de l'Ontario
FOR IMMEDIATE RELEASE

April 19, 2017


IN THE MATTER OF
THE SECURITIES ACT, RSO 1990, c S.5

- AND -

IN THE MATTER OF
MONEY GATE MORTGAGE INVESTMENT CORPORATION,
MONEY GATE CORP., MORTEZA KATEBIAN
and PAYAM KATEBIAN



TORONTO – The Office of the Secretary issued a Notice of Hearing setting the matter down to be heard on April 27, 2017 at 10:00 a.m. to consider whether, in the opinion of the Commission, it is in the public interest pursuant to subsections 127(1) and (5) of the Act, for the Commission to issue a temporary order that: 

  1. pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in securities of Money Gate Mortgage Investment Corporation (“MGMIC”) shall cease;
  2. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to MGMIC, Money Gate Corp., Morteza Katebian and Payam Katebian; and
  3. to make such other orders as the Commission considers appropriate.

A copy of the Notice of Hearing dated April 19, 2017and the Application to Issue a Temporary Order dated April 7, 2017 are available at www.osc.gov.on.ca.


OFFICE OF THE SECRETARY
GRACE KNAKOWSKI
SECRETARY TO THE COMMISSION

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