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 SCOTT EDWARD PURKIS

NOTICE OF HEARING
(Subsections 127(1) and 127.1)



TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127(1) and 127.1 of the Securities Act, R.S.O., 1990 c. S.5, as amended (the “Act”) at its offices at 20 Queen Street West, 17th Floor, Toronto, Ontario, commencing on September 8, 2010 at 9:30 a.m. or as soon thereafter as the hearing can be held:

TO CONSIDER whether, in the Commission’s opinion, it is in the public interest for the Commission to make the following orders:

  1. that trading in any securities by the Respondent cease permanently or for such period as is specified by the Commission, pursuant to paragraph 2 of section 127(1) of the Act;
  2. that acquisition of any securities by the Respondent is prohibited, permanently or for such other period as is specified by the Commission, pursuant to paragraph 2.1 of section 127(1) of the Act;
  3. that 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 paragraph 3 of section 127(1) of the Act;
  4. that the Respondent be reprimanded, pursuant to paragraph 6 of section 127(1) of the Act;
  5. that the Respondent resign one or more positions that they hold as a director or officer of any issuer, registrant or investment fund manager, pursuant to paragraphs 7, 8.1 and 8.3 of section 127(1) of the Act;
  6. the Respondent be prohibited from becoming or acting as a director or officer of any issuer, registrant or investment fund manager, pursuant to paragraphs 8, 8.2 and 8.4 of section 127(1) of the Act;
  7. the Respondent be prohibited from becoming or acting as a registrant, as an investment fund manager or as a promoter, pursuant to paragraph 8.5 of section 127(1) of the Act;
  8. that the Respondent pay an administrative penalty of not more than $1 million for each failure by that Respondent to comply with Ontario securities law;
  9. that the Respondent disgorge to the Commission any amounts obtained as a result of non-compliance by the Respondent with Ontario securities law;
  10. the Respondent be ordered to pay the costs of the Commission investigation and the hearing, pursuant to section 127.1 of the Act; and,
  11. such other order as the Commission may deem appropriate.

BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission dated August 24, 2010 and such further 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 the failure of any party to attend at the time and place stated above, the hearing may proceed in the party’s absence and that party is not entitled to any further notice in the proceeding.

 

DATED at Toronto this “24th” day of August, 2010.

 

" Josée Turcotte "
Per: John Stevenson
Secretary to the Commission