Order: In the Matter of Danish Akhtar Soleja et al.

Order
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IN THE MATTER OF
DANISH AKHTAR SOLEJA, DANSOL INTERNATIONAL INC., GRAPHITE FINANCE INC., PARKVIEW LIMITED PARTNERSHIP, and 1476634 ALBERTA LTD.

D. Grant Vingoe, Chair of the Panel

 

May 23, 2017

ORDER
 Subsection 127(1) of the
Securities Act, RSO 1990, c S.5



THIS APPLICATION, made by Staff of the Commission, for an order imposing sanctions pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act), was heard in writing.

ON READING the materials of Staff of the Commission, no one participating for Danish Akhtar Soleja (Soleja), Dansol International Inc. (Dansol), Graphite Finance Inc. (Graphite), Parkview Limited Partnership (Parkview LP), and 1476634 Alberta Ltd. (1476 Ltd.), although properly served, as indicated in my order dated January 23, 2017,

IT IS ORDERED:                                                                                

  1. against Soleja that:
    1. trading in any securities by Soleja cease until October 25, 2023, pursuant to paragraph 2 of subsection 127(1) of the Act, except trades that are made through a registrant who has first been given a copy of the Settlement Agreement and Undertaking between the Respondents and the Alberta Securities Commision, entered in to on October 25, 2016 (the ASC Settlement Agreement), and a copy of this Order;
    2. the acquisition of any securities by Soleja cease until October 25, 2023, pursuant to paragraph 2.1 of subsection 127(1) of the Act, except purchases that are made through a registrant who has first been given a copy of the ASC Settlement Agreement, and a copy of this Order;
    3. Soleja resign any positions that he holds as a director or officer of any issuer, pursuant to paragraph 7 of subsection 127(1) of the Act, except that:
      1. Soleja may continue to act as a director and officer of Dansol, Graphite, Parkview LP and 1476 Ltd. for the following sole purpose and time frame:
        1. marketing and selling the Watermere Lands (as described in the ASC Settlement Agreement) on terms reasonably intended to maximize value to the limited partners of Parkview LP; and
        2. only so long as is required to market, sell, and distribute net proceeds to the limited partners of Parkview LP;
    4. Soleja be prohibited from becoming or acting as a director or officer of any issuer until October 25, 2023, other than Dansol, Graphite, Parkview LP and 1476 Ltd. as provided in paragraph 1(c)(i) above, pursuant to paragraph 8 of subsection 127(1) of the Act, and
    5. Soleja be prohibited from becoming or acting as a registrant, investment fund manager or promoter, pursuant to paragraph 8.5 of subsection 127(1) of the Act;
  2. against Dansol that:
    1. trading in any securities or derivatives by Dansol cease until October 25, 2026, pursuant to paragraph 2 of subsection 127(1) of the Act; and
    2. the acquisition of any securities by Dansol cease until October 25, 2026, pursuant to paragraph 2.1 of subsection 127(1) of the Act;
  3. against Graphite that:
    1. trading in any securities or derivatives by Graphite cease until October 25, 2026, pursuant to paragraph 2 of subsection 127(1) of the Act; and
    2. the acquisition of any securities by Graphite cease until October 25, 2026, pursuant to paragraph 2.1 of subsection 127(1) of the Act;
  4. against Parkview LP that:
    1. trading in any securities or derivatives by Parkview LP cease until October 25, 2026, pursuant to paragraph 2 of subsection 127(1) of the Act; and
    2. the acquisition of any securities by Parkview LP cease until October 25, 2026, pursuant to paragraph 2.1 of subsection 127(1) of the Act;
  5. against 1476 Ltd. that:
    1. trading in any securities or derivatives by 1476 Ltd. cease until October 25, 2026, pursuant to paragraph 2 of subsection 127(1) of the Act; and
    2. the acquisition of any securities by 1476 Ltd. cease until October 25, 2026, pursuant to paragraph 2.1 of subsection 127(1) of the Act.


" D. Grant Vingoe "
D. Grant Vingoe