Securities Law & Instruments

IN THE MATTER OF

MONEY GATE MORTGAGE

INVESTMENT CORPORATION,

MONEY GATE CORP.,

MORTEZA KATEBIAN AND

PAYAM KATEBIAN

 

Timothy Moseley, Chair of the Panel

William J. Furlong, Commissioner

Mark J. Sandler, Commissioner

 

May 29, 2017

 

ORDER

(Subsections 127(7) and 127(8) of the

Securities Act, RSO 1990, c S.5)

 

                THIS APPLICATION, made by Staff of the Commission, for an extension of the temporary order issued on April 27, 2017 in this matter (the Temporary Order), pursuant to subsections 127(7) and 127(8) of the Securities Act, RSO 1990, c S.5 (the Act) was heard on May 11 and 29, 2017, at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario.

 

                ON READING the materials filed by Staff of the Commission and by the respondents and on hearing the oral submissions of the representatives for Staff of the Commission and for the respondents;

 

                IT IS ORDERED THAT:

 

1.             pursuant to subsection 127(8) of the Act, Staff’s application to extend paragraph 1 of the Temporary Order to August 29, 2017, is granted; and

 

2.             having reserved our decision on Staff’s application to extend paragraph 2 of the Temporary Order, paragraph 2 of the Temporary Order is extended pursuant to subsection 127(7) of the Act, until we deliver our decision in respect of that portion of Staff’s application.

 

“Timothy Moseley”

 

“William J. Furlong”

“Mark J. Sandler”