Proceedings

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

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IN THE MATTER OF SIMPLY WEALTH FINANCIAL GROUP INC.,
NAIDA ALLARDE, BERNARDO GIANGROSSO,
K&S GLOBAL WEALTH CREATIVE STRATEGIES INC., KEVIN PERSAUD,
MAXINE LOBBAN and WAYNE LOBBAN

ORDER
(Section 127)



    WHEREAS on February 16, 2011, the Ontario Securities Commission (the "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 relation to a Statement of Allegations filed by Staff of the Commission ("Staff") in respect of Simply Wealth Financial Group Inc. ("Simply Wealth"), Naida Allarde ("Allarde"), Bernardo Giangrosso ("Giangrosso"), K&S Global Wealth Creative Strategies Inc. ("K&S"), Kevin Persaud ("Persaud"), Maxine Lobban and Wayne Lobban (collectively, the "Respondents");

    AND WHEREAS on March 16, 2011, Staff filed an Amended Statement of Allegations;

    AND WHEREAS the Notice of Hearing set a hearing in this matter for March 24, 2011 at 10:00 a.m.;

    AND WHEREAS on March 24, 2011, Allarde and Giangrosso, on behalf of Simply Wealth and on their own behalf, and Persaud, on behalf of K&S and on his own behalf, attended the hearing;

    AND WHEREAS the matter was adjourned to a confidential pre-hearing conference to be held on June 1, 2011 at 10:00 a.m.;

    AND WHEREAS on June 1, 2011, Allarde, on behalf of Simply Wealth and on her own behalf, Giangrosso on his own behalf and Persaud, on behalf of K&S and on his own behalf, attended the hearing and Staff advised the Panel that the other Respondents had notice of the pre-hearing conference but did not attend;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

    IT IS ORDERED that the hearing on the merits in this matter is scheduled to commence on January 3, 2012 at 10:00 a.m. and continue on January 4, 5, 6, 9 and 10, 2012, or such further and other dates as may be agreed to by the parties and fixed by the Office of the Secretary.

 

    DATED at Toronto this 1st day of June, 2011.

 

" James D. Carnwath "
James D. Carnwath