Proceedings

PDF Version
PDF Version




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

- and -

IN THE MATTER OF PAUL DONALD

NOTICE OF HEARING
(Sections 127 and 127.1)



TAKE NOTICE THAT the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to sections 127 and 127.1 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) at the offices of the Commission at 20 Queen Street West, 17th Floor Hearing Room on Monday, June 7, 2010 at 10 a.m., or as soon thereafter as the hearing can be held,

TO CONSIDER whether, in the opinion of the Commission, it is in the public interest, pursuant to ss. 127 and 127.1 of the Act, to order that:

  1. trading in any securities by the respondent cease permanently or for such period as is specified by the Commission, pursuant to s. 127(1)2 of the Act;
  2. the acquisition of any securities by the respondent is prohibited permanently or for such other period as is specified by the Commission, pursuant to s. 127(1)2.1 of the Act;
  3. any exemptions contained in Ontario securities law do not apply to the respondent permanently or for such period as is specified by the Commission, pursuant to s. 127(1)3 of the Act;
  4. the respondent be reprimanded, pursuant to s. 127(1)6 of the Act;
  5. the respondent resign one or more positions that he holds as a director or officer of any issuer, pursuant to s. 127(1)7 of the Act;
  6. the respondent be prohibited from becoming or acting as a director or officer of any issuer, pursuant to s. 127(1)8 of the Act;
  7. the respondent pay an administrative penalty of not more than $1 million for each failure to comply with Ontario securities law, pursuant to s. 127(1)9 of the Act;
  8. the respondent disgorge to the Commission any amounts obtained as a result of non-compliance with Ontario securities law, pursuant to s. 127(1)10 of the Act;
  9. the respondent be ordered to pay the costs of the Commission investigation and the hearing, pursuant to s. 127.1 of the Act; and
  10. such other orders as the Commission may deem appropriate;

BY REASON OF the allegations as set out in the Statement of Allegations dated May 20, 2010 and such further additional allegations as counsel may advise and the Commission may permit;

AND TAKE FURTHER NOTICE that any party to the proceedings 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 proceedings.

 

DATED at Toronto this 20th day of May, 2010.

 

" Daisy Aranha "
per: John Stevenson
Secretary to the Commission