IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF
NELSON FINANCIAL GROUP LTD., NELSON INVESTMENT GROUP LTD.,
MARC D. BOUTET, STEPHANIE LOCKMAN SOBOL,
PAUL MANUEL TORRES and H. W. PETER KNOLL
WHEREAS on May 12, 2010, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127(1) and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in connection with a Statement of Allegations filed by Staff of the Commission (“Staff”) in this matter dated May 12, 2010;
AND WHEREAS on November 10, 2010, Staff amended the Statement of Allegations;
AND WHEREAS Stephanie Lockman Sobol (“Sobol”) entered into a settlement agreement with Staff dated May 16, 2011 (the “Settlement Agreement”) subject to the approval of the Commission;
AND UPON reviewing the Settlement Agreement, and upon hearing submissions from counsel for Staff and counsel for Sobol.
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT
- The Settlement Agreement is approved; and
- Pursuant to clause 8 of subsection 127(1) of the Act, Sobol shall be prohibited from acting as a director or officer of an issuer for a period of 6 years from the date of the order approving the settlement, save and except in relation to her employment as general manager of Provider Capital Group until June 13, 2011.
DATED at Toronto this 18th day of May, 2011.
James D. Carnwath