Notice from the
20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
|Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE
May 11, 2006
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S. 5, AS AMENDED
IN THE MATTER OF JOSEPH EDWARD ALLEN, ABEL DA SILVA,
CHATERAM RAMDHANI, AND SYED KABIR
TORONTO – Following a hearing held on January 9, March 9 and 22, 2006, the Commission issued its decision regarding sanctions against the respondents Joseph Edward Allen, Abel da Silva, Chateram Ramdhani and Syed Kabir.
On October 12, 2005, the Commission issued a decision where it found that the respondents violated sections 25(1) and 53 and, in the case of Joseph Edward Allen, section 36 of the Securities Act. The Commission also found that the respondents acted contrary to the public interest.
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
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