Securities Law & Instruments

IN THE MATTER OF

THE SECURITIES ACT, RSO 1990, c S.5

 

AND

 

IN THE MATTER OF

A REQUEST FOR A HEARING AND REVIEW OF

THE DECISION OF A HEARING PANEL OF

THE INVESTMENT INDUSTRY REGULATORY

ORGANIZATION OF CANADA

 

AND

 

IN THE MATTER OF

KRISHNA SAMMY

 

ORDER

 

                WHEREAS:

 

1.             On February 18, 2016, Krishna Sammy filed with the Ontario Securities Commission (the Commission) a notice of application requesting a hearing and review of a decision of a Hearing Panel of the Investment Regulatory Organization of Canada (IIROC) dated January 22, 2016 (the IIROC Decision);

 

2.             on September 13, 2016, the Commission gave Sammy notice that his application had not been perfected;

 

3.             on September 15, 2016, Sammy requested that the deadline for perfecting his application be extended;

 

4.             the Commission extended, on a peremptory basis, the deadline for perfecting Sammy’s application until October 15, 2016;

 

5.             Sammy did not perfect his application for a hearing and review as required by Rule 14.4(3) of the Commission’s Rules of Procedure (2014), 37 OSCB 4168; and

 

6.             the Commission is of the opinion that it is in the public interest to make this order.

 

                IT IS ORDERED that Sammy’s application for a hearing and review of the IIROC Decision is dismissed.

 

                DATED at Toronto, this 28th day of October 2016.

 

“Christopher Portner”