Securities Law & Instruments

Ontario Securities Commission Bulletin (OSCB)


(published weekly on behalf of the OSC by Carswell)


Volume 36, Issue 10
-- March 7, 2013 --


Table of Contents
Chapter 1 Notices / News Releases 2235
1.1 Notices 2235
1.1.1 Current Proceedings Before The Ontario Securities Commission 2235
1.1.2 Multilateral CSA Staff Notice 51-338 – Continuous Disclosure and Prospectus Requirements Relating to Documents Prepared under the U.S. Securities and Exchange Act of 1934 2243
1.1.3 Gold-Quest International et al. 2246
1.2 Notices of Hearing 2246
1.2.1 Huntingdon Capital Corp. and KEYreit – s. 127(1) 2246
1.2.2 EYreit and Huntingdon Capital Corp. – s. 127(1) 2247
1.2.3 Peter Sbaraglia – s. 127 2247
1.3 News Releases 2248
1.3.1 Canadian Securities Regulators Adopt Amendments to Prospectus Rules 2248
1.3.2 OSC Panel Releases Decision Regarding FactorCorp Inc. et al. 2250
1.3.3 OSC Enforcement Activity in 2012 2251
1.3.4 OSC Panel Issues Sanctions Against Empire Consulting Inc. and Desmond Chambers 2256
1.3.5 Canadian Securities Regulators Stress Being Proactive is Key in Preventing Investor Fraud 2257
1.4 Notices from the Office of the Secretary 2259
1.4.1 Huntingdon Capital Corp. and KEYreit 2259
1.4.2 Global Energy Group, Ltd. et al. 2259
1.4.3 HEIR Home Equity Investment Rewards Inc. et al. 2260
1.4.4 Peter Sbaraglia 2261
1.4.5 David M. O’Brien 2261
1.4.6 Issam El-Bouji et al. 2262
1.4.7 Empire Consulting Inc. and Desmond Chambers 2262
1.4.8 Morgan Dragon Development Corp. et al. 2263
1.4.9 MI Capital Corporation and One Capital Corp. Limited 2263
1.4.10 Peter Sbaraglia 2264
1.4.11 Huntingdon Capital Corp. and KEYreit 2264
1.4.12 KEYreit and Huntingdon Capital Corp. 2265
1.4.13 Peter Sbaraglia 2265
1.4.14 Gold-Quest International et al. 2266
Chapter 2 Decisions, Orders and Rulings 2267
2.1 Decisions 2267
2.1.1 Fortress Energy Inc. 2267
2.1.2 RBC Global Asset Management Inc. 2270
2.1.3 RBC Global Asset Management Inc. 2273
2.1.4 FT Portfolios Canada Co. et al. 2278
2.1.5 The Futura Loyalty Group Inc. – s. 1(10)(a)(ii) 2282
2.1.6 Goodwood Inc. and Goodwood Capital Fund 2283
2.1.7 AlphaPro Management Inc. and Horizons Seasonal Rotation ETF 2287
2.1.8 AuRico Gold Inc. 2289
2.1.9 Astral Mining Corporation – s. 1(10)(a)(ii) 2293
2.1.10 Iberian Minerals Corp. plc – s. 1(10) 2294
2.2 Orders 2295
2.2.1 Global Energy Group, Ltd. et al. – ss. 127(7), 127(8) 2295
2.2.2 HEIR Home Equity Investment Rewards Inc. et al. – ss. 127(1), 127.1 2301
2.2.3 Peter Sbaraglia – Rules 1.6(2), 4.3(1), 4.5(1) and 6.2 of the OSC Rules of Procedure 2302
2.2.4 David M. O’Brien – s. 9(1) of the SPPA and Rules 5.2(1), 8.1 of the OSC Rules of Procedure 2304
2.2.5 Issam El-Bouji et al. – s. 127 2307
2.2.6 Galway Metals Inc. – s. 1(11)(b) 2308
2.2.7 Empire Consulting Inc. and Desmond Chambers – ss. 127(1), 127.1 2310
2.2.8 Metro Inc. – s. 104(2)(c) 2311
2.2.9 Metro Inc. – s. 104(2)(c) 2314
2.2.10 Morgan Dragon Development Corp. et al. – s. 127 2317
2.2.11 MI Capital Corporation and One Capital Corp. Limited – Rule 11 of the OSC Rules of Procedure 2318
2.2.12 Peter Sbaraglia – Rule 4.7(2) of the OSC Rules of Procedure 2318
2.2.13 Canadian Derivatives Clearing Corporation – s. 144 2321
2.3 Rulings (nil)
Chapter 3 Reasons: Decisions, Orders and Rulings 2327
3.1 OSC Decisions, Orders and Rulings 2327
3.1.1 Empire Consulting Inc. and Desmond Chambers – ss. 127, 127.1 2327
3.2 Court Decisions, Order and Rulings (nil)
Chapter 4 Cease Trading Orders 2335
4.1.1 Temporary, Permanent & Rescinding Issuer Cease Trading Orders 2335
4.2.1 Temporary, Permanent & Rescinding Management Cease Trade Orders 2335
4.2.2 Outstanding Management & Insider Cease Trading Orders 2335
Chapter 5 Rules and Policies (nil)
Chapter 6 Request for Comments (nil)
Chapter 7 Insider Reporting 2337
Chapter 8 Notice of Exempt Financings 2433
Reports of Trades Submitted on Forms 45-106F1 and 45-501F1 2433
Chapter 9 Legislation (nil)
Chapter 11 IPOs, New Issues and Secondary Financings 2441
Chapter 12 Registrations 2445
12.1.1 Registrants 2445
Chapter 13 SROs, Marketplaces, and Clearing Agencies 2457
13.1 SROs 2457
13.1.1 IIROC Rule Notice 13-0058 – Request for Comment – Proposed Requirements for Debt Securities Transaction Reporting 2457
13.2 Marketplaces 2477
13.2.1 Alpha Exchange Inc – Notice of Proposed Changes and Request for Feedback – Amendments to the Alpha Exchange Trading Policies to Reflect Migration to TSX Quantum 2477
13.2.2 TSX Inc. – Notice of Withdrawal – Post Only Attribute for Dark Order Types 2528
13.3 Clearing Agencies 2529
13.3.1 CDCC – Notice of Commission Order – Second Variation to the Temporary Exemption Order 2529
Chapter 25 Other Information (nil)
Index 2531