Proceedings

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

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IN THE MATTER OF
RANDY ZENOVI CALMUSKY

ORDER
(Subsection 127(1) of the Securities Act)



WHEREAS:

  1. On January 12, 2016, the Alberta Securities Commission issued an Order imposing sanctions and restrictions upon Randy Zenovi Calmusky;
  2. On May 9, 2016, Staff of the Ontario Securities Commission (the “Commission”) filed a Statement of Allegations, in which Staff sought an order imposing various sanctions against Calmusky;
  3. The Commission issued a Notice of Hearing setting a May 30, 2016 hearing date in respect of the Statement of Allegations;
  4. At the hearing on May 30, 2016, the Commission ordered the proceeding adjourned to June 10, 2016;
  5. Calmusky consents to this Order, as appears from the Consent filed by Staff on May 31, 2016;
  6. Pursuant to paragraph 4 of subsection 127(10) of the Securities Act, an Order made by a securities regulatory authority in any jurisdiction that imposes sanctions, conditions, restrictions or requirements on a person may form the basis for an Order made under subsection 127(1) of the Securities Act; and
  7. The Commission is of the opinion that it is in the public interest to make this Order:

IT IS ORDERED THAT:

  1. Pursuant to paragraph 2 of subsection 127(1) of the Securities Act, trading in any securities or derivatives by Calmusky shall cease permanently;
  2. Pursuant to paragraph 2.1 of subsection 127(1) of the Securities Act, acquisition of any securities by Calmusky is prohibited permanently,
  3. Pursuant to paragraph 3 of subsection 127(1) of the Securities Act, any exemptions contained in Ontario securities law shall permanently not apply to Calmusky;
  4. Pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Securities Act, Calmusky shall resign any positions that he holds as a director or officer of any issuer, registrant or investment fund manager;
  5. Pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Securities Act, Calmusky is prohibited permanently from becoming or acting as a director or officer of any issuer, registrant or investment fund manager;
  6. Pursuant to paragraph 8.5 of subsection 127(1) of the Securities Act, Calmusky is prohibited permanently from becoming or acting as a registrant, investment fund manager or promoter; and
  7. The hearing date scheduled for June 10, 2016 is vacated.

DATED at Toronto this 3rd day of June, 2016.



"Timothy Moseley "
Timothy Moseley