Securities Law & Instruments


IN THE MATTER OF

THE SECURITIES ACT,
RSO 1990, c S.5

AND

IN THE MATTER OF
THOMAS ARTHUR WILLIAMS,
 GLOBAL WEALTH CREATION OPPORTUNITIES INC.,
GLOBAL WEALTH CREATION OPPORTUNITIES INC. (BELIZE),
GLOBAL WEALTH FINANCIAL INC.,
GLOBAL WEALTH CREATION STRATEGIES INC.,
CDN GLOBAL WEALTH CREATION CLUB RW-TW,
2002 CONCEPTS INC.,
SUSAN GRACE NEMETH,
RENEE MICHELLE PENKO,
IRENE G. BEILSTEIN
and DENNIS CARL WEIGEL

ORDER

                WHEREAS:

1.             On January 10, 2017, Staff (“Staff”) of the Ontario Securities Commission (the “Commission”) filed a Statement of Allegations seeking an order against Thomas Arthur Williams, Global Wealth Creation Opportunities Inc., Global Wealth Creation Opportunities Inc. (Belize), Global Wealth Financial Inc., Global Wealth Creation Strategies Inc., CDN Global Wealth Creation Club RW-TW, 2002 Concepts Inc., Susan Grace Nemeth, Renee Michelle Penko, Irene G. Beilstein and Dennis Carl Weigel (collectively, the “Respondents”), pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5;

2.             On January 10, 2017, the Commission issued a Notice of Hearing in respect of that Statement of Allegations, setting January 30, 2017 as the date of the hearing;

3.             On January 25, 2017, Staff filed two affidavits of service sworn by Lee Crann on the same day, describing steps taken by Staff to serve the Respondents with the Notice of Hearing, Statement of Allegations and Staff’s disclosure materials;

4.             At the hearing on January 30, 2017:

a.             Staff appeared before the Commission and made submissions;

b.             the Respondents did not appear or make submissions, although properly served; and

c.             Staff applied to continue this proceeding by way of a written hearing, in accordance with Rule 11.5 of the Ontario Securities Commission Rules of Procedure (2014), 37 OSCB 4168, and subsection 5.1(1) of the Statutory Powers Procedure Act, RSO 1990, c S.22; and

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

                IT IS ORDERED THAT:

(a)           Staff’s application to continue this proceeding by way of a written hearing is granted;

(b)           Staff’s materials shall be served and filed no later than 5:00 p.m. EST on February 9, 2017;

(c)           The Respondents’ responding materials, if any, shall be served and filed no later than 5:00 p.m. EST on March 9, 2017; and

(d)           Staff’s reply materials, if applicable, shall be served and file no later than 5:00 p.m. EST on March 23, 2017.

                DATED at Toronto this 30th day of January, 2017.

“Monica Kowal”
Vice Chair