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
MICHAEL PATRICK LATHIGEE, EARLE DOUGLAS PASQUILL,
FIC REAL ESTATE PROJECTS LTD., FIC FORECLOSURE FUND LTD.
and WBIC CANADA LTD.

ORDER




WHEREAS:

  1. On November 8, 2016, Staff (Staff) of the Ontario Securities Commission (the Commission) filed a Statement of Allegations seeking an order against Michael Patrick Lathigee (Lathigee), Earle Douglas Pasquill (Pasquill), FIC Real Estate Projects Ltd. (FIC Projects), FIC Foreclosure Fund Ltd. (FIC Foreclosure) and WBIC Canada Ltd. (WBIC) (collectively, the Respondents), pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act);
  2. On November 9, 2016, the Commission issued a Notice of Hearing in respect of that Statement of Allegations, setting November 30, 2016 as the date of the hearing;
  3. On November 30, 2016, the Commission held a hearing and heard the submissions of Staff, appearing in person, Lathigee, attending via teleconference, and who made submissions on his own behalf and for the corporate respondents, FIC Projects, FIC Foreclosure and WBIC; with no one appearing for Pasquill, although properly served as appears from the Affidavit of Lee Crann, sworn November 24, 2016; and
  4. The Commission is of the opinion that it is in the public interest to make this order.

IT IS ORDERED THAT the hearing in this matter is adjourned to January 12, 2017, at 10:00 a.m., or such further and other date as may be agreed to by the parties and set by the Office of the Secretary.

DATED at Toronto this 30th day of November, 2016.

 



" D. Grant Vingoe "
D. Grant Vingoe