IN THE MATTER OF
THE SECURITIES ACT,
RSO 1990, c S.5
IN THE MATTER OF
(Subsections 127(7) and (8))
1. on November 6, 2015, the Ontario Securities Commission (the “Commission”) ordered pursuant to subsections 127(1) and (5) of the Securities Act, RSO 1990, c S.5 (the “Act”), that pursuant to clause 2 of subsection 127(1) of the Act, trading in any securities by Lance Kotton (“Kotton”) shall cease (the “Temporary Order”); and
2. the Commission further ordered that the Temporary Order shall take effect immediately and shall expire on the 15th day after its making unless extended by order of the Commission;
3. on November 9, 2015, the Commission issued a Notice of Hearing providing notice that it would hold a hearing on November 19, 2015, to consider whether, pursuant to subsections 127(7) and 127(8) of the Act, it is in the public interest for the Commission to extend the Temporary Order until the conclusion of the hearing or until such further time as considered necessary by the Commission, and to make such further orders as the Commission considers appropriate;
4. Kotton consented to an extension of the Temporary Order until December 17, 2015, which order was further extended until April 6, 2017;
5. on April 5, 2017, Staff of the Commission and counsel for Kotton appeared before the Commission requesting that the Temporary Order be extended on consent as against Kotton until May 26, 2017, and made submissions; and
6. the Commission is of the opinion that it is in the public interest to make this Order;
IT IS ORDERED that:
1. the Temporary Order is extended as against Kotton until May 26, 2017; and
2. the hearing of this matter is adjourned until May 24, 2017 at 10:00 a.m., or such other date and time as provided by the Office of the Secretary and agreed to by the parties.
DATED at Toronto, Ontario this 5th day of April, 2017.