Proceedings

Notice from the
Office of the Secretary

Ontario Crest

Ontario
Securities
Commission


20 Queen St. W.
22nd Floor
Toronto, ON M5H 3S8
Commission des
valeurs mobilières
de l'Ontario
FOR IMMEDIATE RELEASE

September 25, 2014


IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF NORTHERN SECURITIES INC., VICTOR PHILIP ALBOINI,
DOUGLAS MICHAEL CHORNOBOY AND FREDERICK EARL VANCE

- AND -

IN THE MATTER OF DECISIONS OF A HEARING PANEL OF THE
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA DATED JULY 23, 2012 AND NOVEMBER 10, 2012



TORONTO – The Commission issued an Order which provides that the Sanctions and Costs Order as it pertains to Alboini and NSI is stayed for 90 days from the date of this order and the stay shall terminate immediately thereafter, subject to paragraph 2 below, and subject to any further order of the Commission; and the stay shall terminate on October 11, 2014 (upon the expiry of the 30-day appeal period) if Alboini and NSI have not commenced an appeal pursuant to subsection 9(1) of the Act, subject to any further order of the Commission.

A copy of the Order dated September 23, 2014 is available www.osc.gov.on.ca.


OFFICE OF THE SECRETARY
JOSÉE TURCOTTE
ACTING SECRETARY

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