OSC Proceedings
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
IAN YEO
ORDER
(Section 127)
WHEREAS on October 31, 1997, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to section 127(1) of theSecurities Act, R.S.O. 1990, c. S.5, as amended (the "Act") in respect of Ian Yeo ("Yeo");
AND WHEREAS Yeo and Staff of the Commission entered into a settlement agreement dated January 16, 1998 (the "Settlement Agreement") in which theyagreed to a proposed settlement of the proceeding respecting Yeo subject to the approval of the Commission;
AND WHEREAS Yeo has agreed that he will receive a suspension of his registration for a period of five days from the Commission;
AND WHEREAS Yeo has agreed to pay $1,000 towards the costs of Staff's investigation in this matter;
AND WHEREAS Yeo has undertaken not to distribute additional copies of the book entitled Financial Independence Through Superior Planning which nameshim as a co-author;
AND UPON reviewing the Settlement Agreement, the Statement of Allegations of Staff of the Enforcement Branch of the Commission and upon hearingsubmissions from Yeo and Staff of the Commission;
AND UPON the Commission being of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT:
(1) the Settlement Agreement dated January 16, 1998, attached hereto, be and is hereby approved; and
(2) pursuant to clause 1 of subsection 127(1) of the Act, the registration of Yeo is suspended for a period of five days commencing on Monday, January 19,1998.
January 19th, 1998.
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"Morley P. Carscallen" |
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"Glorianne Stromberg" |