IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF
ZORAN POPOVIC and DXSTORM.COM INC.
O R D E R
(Sections 127 and 127.1)
WHEREAS on March 31, 2005, the Ontario Securities Commission issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”) in respect of Zoran Popovic (“Popovic”) and DXStorm.Com Inc. (“DXStorm”);
AND WHEREAS Popovic and DXStorm entered into a Settlement Agreement with Staff of the Commission dated May ●, 2005 (the “Settlement Agreement”) in which they agreed to a proposed settlement of the proceeding commenced by the Notice of Hearing, subject to the approval of the Commission;
AND UPON reviewing the Settlement Agreement and the Notice of Hearing and Statement of Allegations of Staff of the Commission, and upon hearing submissions from counsel for Popovic and DXStorm and from Staff of the Commission;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;
IT IS HEREBY ORDERED THAT:
- pursuant to section 127(1) clause 6 of the Act, Popovic is hereby reprimanded;
- pursuant to section 127.1 of the Act Popovic pay $5,500.00, towards the costs of the investigation and this proceeding; and
- pursuant to section 127(1) clause 4 of the Act, DXStorm implement the insider trading policy in the attached schedule.
Dated at Toronto this day of May, 2005