Proceedings

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FILE NO.: 2018-19

IN THE MATTER OF
HARALD SEEMANN, JENS BRANDT AND KARL PAWLOWICZ

D. Grant Vingoe, Vice-Chair and Chair of the Panel

May 7, 2018

ORDER

(Subsection 127(1) and 127.1 of the Securities Act, RSO 1990, c S.5)


WHEREAS on May 7, 2018, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, or in writing, to consider the Application made jointly by Harald Seemann (the Respondent) and Staff of the Commission for approval of a settlement agreement dated May 3, 2018 (the Settlement Agreement);

ON READING the Joint Request for a Settlement Hearing, including the Statement of Allegations dated May 3, 2018, and on hearing the submissions of the representatives of each of the parties;

IT IS ORDERED THAT:

  1. the Settlement Agreement is approved;
  2. the Respondent be reprimanded, pursuant to paragraph 6 of subsection 127(1) of the Securities Act, RSO 1990, c S.5 (the Act);
  3. the Respondent pay an administrative penalty of $100,000, pursuant to paragraph 9 of subsection 127(1) of the Act, which amount is designated for allocation or use by the Commission in accordance with subsection 3.4(2)(b)(i) or (ii) of the Act;
  4. trading by the Respondent in any securities cease for a period of 5 years, pursuant to paragraph 2 of subsection 127(1) of the Act;
  5. the acquisition by the Respondent of any securities be prohibited for a period of 5 years, pursuant to paragraph 2.1 of subsection 127(1) of the Act;
  6. any exemptions contained in Ontario securities law do not apply to the Respondent for a period of 5 years, pursuant to paragraph 3 of subsection 127(1) of the Act;
  7. the Respondent be prohibited from becoming or acting as a director or officer of any issuer for a period of 5 years commencing on the date of this Order approving the Settlement Agreement, pursuant to paragraph 8 of subsection 127(1) of the Act; and
  8. the Respondent pay costs in the amount of $25,000, pursuant to section 127.1 of the Act.   


" D. Grant Vingoe "
D. Grant Vingoe