IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, as amended
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IN THE MATTER OF
KEITH MACDONALD SUMMERS, TRICOASTAL CAPITAL PARTNERS LLC, and TRICOASTAL CAPITAL MANAGEMENT LTD.
WHEREAS on February 27, 2014, 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”) on February 27, 2014, to consider whether it in in the public interest to make certain orders against Keith MacDonald Summers (“Summers”), Tricoastal Capital Partners LLC (“Tricoastal Partners”) and Tricoastal Capital Management Ltd. (“Tricoastal Management”) (collectively, the “Respondents”);
AND WHEREAS the Notice of Hearing set a hearing in this matter for March 27, 2014 at 11:00 a.m.;
AND WHEREAS on March 24, 2014, a Notice from the Secretary was issued rescheduling the hearing of this matter to March 27, 2014 at 10:30 a.m.;
AND WHEREAS on March 27, 2014, counsel for the Respondents and Staff attended the hearing;
AND WHEREAS the Commission ordered that the matter was adjourned to a status update to be held on June 2, 2014 at 11:00 a.m.;
AND WHEREAS on June 2, 2014, Staff and counsel for the Respondents attended the status update;
AND WHEREAS the Panel considered the submissions from Staff and counsel for the Respondents and the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED that this matter is adjourned to a status update to be held on September 9, 2014 at 3:00 p.m.
DATED at Toronto this 3rd day of June, 2014.
Alan J. Lenczner, Q.C.