Proceedings

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FILE NO.: 2019-28

 

IN THE MATTER OF
SEAN DALEY; and SEAN DALEY carrying on business as the ASCENSION FOUNDATION, OTO.Money, SilentVault, and CryptoWealth; WEALTH DISTRIBUTED CORP.; CYBERVISION MMX INC.; KEVIN WILKERSON;
and AUG ENTERPRISES INC.

 

D. Grant Vingoe, Vice-Chair and Chair of the Panel

August 16, 2019

ORDER

(Subsection 127(8) and 127(1) of Securities Act, RSO 1990 c S.5)

 

WHEREAS the Ontario Securities Commission held a hearing on August 16, 2019 to consider an application by staff of the Commission (Staff) to further extend a temporary order dated August 6, 2019 (the Temporary Order) against Sean Daley, Sean Daley carrying on business as Ascension Foundation, OTO.Money, SilentVault and Cryptowealth, Wealth Distributed Corp., Cybervision MMX Inc., Kevin Wilkerson or Aug Enterprises Inc. (together, the Respondents);

ON READING the application filed by Staff, and on hearing the submissions of the representatives for Staff and Sean Daley appearing on his own behalf, and no one appearing on behalf of the remaining Respondents, although properly served, and on considering the consent of Sean Daley to extend the Temporary Order; 

IT IS ORDERED that:

  1. the Temporary Order is extended until September 24, 2019, which states:
     
    1. pursuant to clause 2 of subsection 127(1) of the Securities Act, RSO 1990, c S.5 (the Act), all trading in any securities by the Respondents shall cease;
    2. pursuant to clause 2 of subsection 127(1) of the Act, all trading in ‘overcome the odds’ vouchers, also known as OTO Vouchers, and Lyra shall cease; and
    3. pursuant to clause 3 of subsection 127(1) of the Act, that the exemptions contained in Ontario securities law do not apply to the Respondents.  
 
" D. Grant Vingoe "
D. Grant Vingoe