IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C.S.5, AS AMENDED
- AND -
IN THE MATTER OF
ARLINGTON SECURITIES INC.
AND SAMUEL ARTHUR BRIAN MILNE
NOTICE OF HEARING
(Sections 127 and 127.1)
WHEREAS on the 11th day of October, 2001, the Ontario Securities Commission (the “Commission”) ordered, pursuant to subsection 127(5) of the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”), that certain terms and conditions be imposed on the registration of Arlington Securities Inc. (“Arlington”) and its registered officer, Samuel Arthur Brian Milne (“Milne”), pursuant to clause 1 of subsection 127(1) of the Act;
TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Act at its offices on the 17th Floor, 20 Queen Street West, Toronto, Ontario commencing on Wednesday, the 24th day of October, 2001, at 11:00 a.m. or as soon thereafter as the hearing can be held:
TO CONSIDER whether, pursuant to sections 127(1) and 127.1 of the Act, it is in the public interest for the Commission:
(a) To make an order to extend the Temporary Order until this hearing is concluded;
(b) To make an order that the Respondents cease trading in securities, permanently or for such time as the Commission may direct;
(c) To make an order that the registration of the Respondents, be terminated, suspended or restricted for such period as directed by the Commission, and/or that terms and conditions be imposed as directed by the Commission;
(d) To make an order that any exemptions contained in Ontario securities law do not apply to the Respondents or any of them permanently, or for such period as specified by the Commission;
(e) To make an order that the Respondent, Milne resign one or more positions which Milne may hold as an officer or director of any issuer;
(f) To make an order that the Respondent, Milne be prohibited from becoming or acting as a director or officer of any issuer;
(g) To make an order that the Respondents be reprimanded;
(h) To make an order that the Respondents pay the costs of Staff’s investigation and the costs of, or related to, this proceeding, incurred by or on behalf of the Commission; and
(i) To make such other order as the Commission may deem appropriate.
BY REASON OF the allegations set out in the Temporary Order made on October 11, 2001, the related Statement of Allegations dated October 11, 2001, and such additional allegations as counsel may advise and the Commission may permit;
AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel at the hearing;
AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.
DATED at Toronto this 11th day of October, 2001.
Secretary to the Commission
Arlington Securities Inc.
Samuel Arthur Brian Milne