Securities Law & Instruments

Ontario Securities Commission Bulletin (OSCB)



(published weekly on behalf of the OSC by Carswell)


Volume 34, Issue 19
-- May 13, 2011 --


Table of Contents


Chapter 1 Notices / News Releases 5415
1.1 Notices 5415
1.1.1 Current Proceedings Before The Ontario Securities Commission 5415
1.1.2 OSC Staff Notice 33-735 – Sale of Exempt Securities to Non-Accredited Investors 5424
1.1.3 Notice of Ministerial approval of Memorandum of Understanding between certain provincial securities regulators and the Investment Industry Regulatory Organization of Canada (IIROC) and the Mutual Fund Dealers Association of Canada (MFDA) concerning MFDA access to the National Registration Database (NRD) 5427
1.2 Notices of Hearing (nil)
1.3 News Releases 5428
1.3.1 Abraham Herbert Grossman and Hanoch Ulfan Each Sentenced to 21 Months in Jail for Breaching Ontario Securities Act 5428
1.3.2 OSC Panel Finds Goldpoint Resources Corporation, Pasqualino Novielli, Brian Patrick Moloney and Zaida Pimentel in Breach of Ontario Securities Act 5429
1.4 Notices from the Office of the Secretary 5430
1.4.1 Biovail Corporation et al. 5430
1.4.2 FactorCorp Inc. et al. 5430
1.4.3 York Rio Resources Inc. et al. 5431
1.4.4 Global Energy Group, Ltd. et. al. 5431
1.4.5 Global Energy Group, Ltd. et al. 5432
1.4.6 Goldpoint Resources Corporation et al. 5432
1.4.7 QuantFX Asset Management Inc. et al. 5433
1.4.8 L.T.M.T. Trading Ltd. et al. 5433
1.4.9 Ciccone Group et al. 5434
1.4.10 York Rio Resources Inc. et al. 5434
Chapter 2 Decisions, Orders and Rulings 5435
2.1 Decisions 5435
2.1.1 Sprott Asset Management L.P. and Sprott Diversified Yield Fund 5435
2.1.2 Brookfield Homes Corporation – s. 1(10) 5437
2.1.3 Financial Services Income STREAMS Corporation – s. 1(10) 5438
2.1.4 BMO Nesbitt Burns Inc. 5439
2.1.5 Lone Pine Resources Inc. 5442
2.1.6 Chai Cha Na Mining Inc. 5445
2.1.7 UBS Securities LLC 5448
2.1.8 UNX Energy Corp. 5450
2.2 Orders 5452
2.2.1 Biovail Corporation et al. – ss. 127, 127.1 5452
2.2.2 FactorCorp Inc. et al. – s. 127 5454
2.2.3 York Rio Resources Inc. et al. – s. 127 of the Act and Rule 3 of the OSC Rules of Practice 5455
2.2.4 Fortress Energy Inc. - s. 144 5458
2.2.5 Global Energy Group, Ltd. et. al. – s. 127 5459
2.2.6 Global Energy Group, Ltd. et al. – ss. 127(7), 127(8) 5461
2.2.7 QuantFX Asset Management Inc. et al. – ss. 127(7), 127(8) 5465
2.2.8 Russell Implementation Services Inc. – s. 80 of the CFA 5466
2.2.9 Capital Gold Corporation – s. 1(10) 5469
2.2.10 L.T.M.T. Trading Ltd. et al. – s. 127 5469
2.2.11 Ciccone Group et al. – ss. 127(7), 127(8) 5470
2.2.12 2100 Xenon Group LLC – s. 80 of the CFA 5471
2.2.13 York Rio Resources Inc. et al. – s. 152 5473
2.3 Rulings (nil)
Chapter 3 Reasons: Decisions, Orders and Rulings 5475
3.1 OSC Decisions, Orders and Rulings 5475
3.1.1 Minvestec Capital Corp. – s. 31 5475
3.1.2 Goldpoint Resources Corporation et al. 5478
3.2 Court Decisions, Order and Rulings (nil)
Chapter 4 Cease Trading Orders 5515
4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders 5515
4.2.1 Temporary, Permanent & Rescinding Management Cease Trade Orders 5515
4.2.2 Outstanding Management & Insider Cease Trading Orders 5515
Chapter 5 Rules and Policies (nil)
Chapter 6 Request for Comments 5517
6.1.1 Proposed Amendments to National Instrument 31-103 Registration Requirements and Exemptions and Companion Policy 31-103CP Registration Requirements and Exemptions – Exemptions from certain requirements for SRO Members 5517
Chapter 7 Insider Reporting 5535
Chapter 8 Notice of Exempt Financings 5617
Reports of Trades Submitted on Forms 45-106F1 and 45-501F1 5617
Chapter 9 Legislation (nil)
Chapter 11 IPOs, New Issues and Secondary Financings 5635
Chapter 12 Registrations 5643
12.1.1 Registrants 5643
Chapter 13 SROs, Marketplaces, and Clearing Agencies 5645
13.1 SROs (nil)
13.2 Marketplaces 5645
13.2.1 Notice of Alpha Exchange Inc. and Alpha Trading Systems Limited Partnership – Republication of Comparison Chart regarding Listing Requirements 5645
13.2.2 TMX Group Inc. and TSX Inc. – Proposed Transaction with London Stock Exchange Group PLC – Notice and Request for Comment 5714
13.3 Clearing Agencies (nil)
Chapter 25 Other Information (nil)
Index 5765