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 REZWEALTH FINANCIAL SERVICES INC.,
PAMELA RAMOUTAR, JUSTIN RAMOUTAR,
TIFFIN FINANCIAL CORPORATION, DANIEL TIFFIN,
2150129 ONTARIO INC., SYLVAN BLACKETT,
1778445 ONTARIO INC. and WILLOUGHBY SMITH

ORDER
(Section 127 of the Securities Act)



    WHEREAS on January 24, 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”), accompanied by a Statement of Allegations dated January 24, 2011 issued by Staff of the Commission (“Staff”), with respect to Rezwealth Financial Services Inc. (“Rezwealth”), Pamela Ramoutar (“Ms. Ramoutar”), Justin Ramoutar (“Mr. Ramoutar”), Tiffin Financial Corporation (“Tiffin Financial”), Daniel Tiffin (“Tiffin”), 2150129 Ontario Inc. (“215 Inc.”), Sylvan Blackett (“Blackett”), 1778445 Ontario Inc. (“177 Inc.”) and Willoughby Smith (“Smith”) (collectively, the “Respondents”);

    AND WHEREAS the Notice of Hearing set a hearing in this matter for March 16, 2011;

    AND WHEREAS the Commission ordered on March 16, 2011 that the hearing of this matter be adjourned to June 16, 2011 for a pre-hearing conference and that the Amended Temporary Order in this matter be extended to the conclusion of the hearing on the merits;

    AND WHEREAS the Commission ordered on June 16, 2011 that the hearing of this matter be adjourned to August 16, 2011 for a continued pre-hearing conference;

    AND WHEREAS the Commission ordered on August 16, 2011 that the hearing of this matter be adjourned to March 30, 2012 for a continued pre-hearing conference, and that the hearing on the merits commence on April 30, 2012 and continue until May 25, 2012 inclusive, with the exception of May 8, May 21 and May 22, 2012 (the “Hearing Dates”);

    AND WHEREAS on January 24, 2012, the Commission issued an Amended Notice of Hearing pursuant to sections 127 and 127.1 of the Act, accompanied by an Amended Statement of Allegations dated January 24, 2012 issued by Staff, with respect to the Respondents;

    AND WHEREAS the Commission ordered on March 30, 2012 that the pre-hearing conference be adjourned to April 5, 2012 to consider a request by Ms. Ramoutar for an adjournment of the Hearing Dates;

    AND WHEREAS the Commission ordered on April 5, 2012 that the Hearing Dates be vacated and that the hearing on the merits commence on October 31, 2012, peremptory to the Respondents, and continue until November 9, 2012, with the exception of November 6, 2012, and continue from December 3 to 19, 2012 inclusive, with the exception of December 4 and 18, 2012 (the “Amended Hearing Dates”);

    AND WHEREAS the Commission further ordered on April 5, 2012 that the hearing of this matter be adjourned to September 25, 2012 for a continued pre-hearing conference;

    AND WHEREAS the Commission ordered on September 25, 2012 that this matter be continued to the hearing on the merits;

    AND WHEREAS the Commission conducted the hearing on the merits on the Amended Hearing Dates;

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

    IT IS ORDERED THAT:

  1. the hearing date scheduled for December 19, 2012 is vacated;
  2. on or before February 4, 2013, Staff shall serve and file with the Commission final written submissions with respect to allegations against the Respondents;
  3. on or before February 11, 2013, the Respondents shall serve and file with the Commission final written submissions, if any; and
  4. the hearing on the merits shall continue on March 1, 2013 at 10:00 a.m. at the office of ASAP Reporting Services Inc. at the Bay Adelaide Centre, 333 Bay Street, Suite 900, Toronto in order for the parties to make closing oral submissions, if any.

Dated at Toronto this 17th day of December, 2012.

 

" Edward P. Kerwin "
Edward P. Kerwin