IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF NEW FOUND FREEDOM FINANCIAL,
RON DEONARINE SINGH, WAYNE GERARD MARTINEZ, PAULINE LEVY,
DAVID WHIDDEN, PAUL SWABY AND ZOMPAS CONSULTING
(Section 127 and 127.1 of the Securities Act)
WHEREAS on November 2, 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, in connection with the allegations set out in the Statement of Allegations filed by Staff of the Commission (“Staff”) on November 1, 2011;
AND WHEREAS on July 26, 2012, the Commission approved a settlement agreement between Staff and Paul Swaby and Zompas Consulting;
AND WHEREAS on September 7, 2012, the Commission approved a settlement agreement between Staff and David Whidden;
AND WHEREAS on September 24, 2012, the hearing on the merits began and continued thereafter periodically until its conclusion on November 23, 2012;
AND WHEREAS on December 17, 2012, the Commission released its Reason and Decision on the merits in this matter and concluded that the matter shall proceed to a sanctions hearing on a date set by the Office of the Secretary;
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 to determine sanctions and costs will be held at the office of ASAP Reporting Services Inc. at the Bay Adelaide Centre, 333 Bay Street, Suite 900, Toronto, commencing on March 13, 2013 at 10:00 a.m. Written submissions to be filed with the Secretary of the Commission no later than (5) business days of the scheduled sanctions hearing;
IT IS FURTHER ORDERED that upon the 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 proceeding.
DATED at Toronto this 17th day of December, 2012.
James D. Carnwath, Q.C.