Securities Law & Instruments

IN THE MATTER OF

TCM INVESTMENTS LTD.

carrying on business as OPTIONRALLY,

LFG INVESTMENTS LTD.,

AD PARTNERS SOLUTIONS LTD., and

INTERCAPITAL SM LTD.

 

Timothy Moseley, Chair of the Panel

 

May 24, 2017

 

ORDER

(Subsection 127(7) of the

Securities Act, RSO 1990, c S.5)

 

                THIS APPLICATION, made by Staff of the Ontario Securities Commission pursuant to subsections 127(7) and 127(8) of the Securities Act, RSO 1990, c S.5 (the “Act”), for an extension of the temporary Order issued against the respondents on May 10, 2017 (the “Temporary Order”), was heard on May 24, 2017, at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario.

 

                ON READING Staff’s Memorandum of Fact and Law and the Affidavit of Steve Carpenter sworn May 23, 2017, and on hearing the submissions of Staff of the Commission, no one appearing for the respondents, although properly served as appears from the Affidavit of Service of Laura Filice sworn on May 15, 2017,

 

                IT IS ORDERED THAT:

 

1.             the hearing of Staff’s Application is adjourned until June 12, 2017 at 1:00 p.m.;

 

2.             pursuant to subsection 127(7) of the Act, the Temporary Order is extended until the hearing is concluded; and

 

3.             the title of this proceeding is amended to delete the words “carrying on business as www.optionrally.com” in reference to the respondent LFG Investments Ltd., and the amended title of proceeding shall be used for all subsequent documents in this proceeding.

 

“Timothy Moseley”

 


2.2.5       Quadrexx Hedge Capital Management Ltd. et al.

 

IN THE MATTER OF

QUADREXX HEDGE CAPITAL MANAGEMENT LTD., QUADREXX SECURED ASSETS INC.,

MIKLOS NAGY and

TONY SANFELICE

 

Timothy Moseley, Chair of the Panel

 

May 24, 2017

 

ORDER

 

                WHEREAS on May 24, 2017, the Ontario Securities Commission held a confidential pre-hearing conference at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario.

 

                ON HEARING the submissions of Staff of the Commission, Tony Sanfelice appearing on his own behalf, and Miklos Nagy appearing on his own behalf, and on behalf of Quadrexx Hedge Capital Management Ltd. and Quadrexx Secured Assets Inc.;

 

                IT IS ORDERED THAT:

 

1.             This matter is adjourned to a further confidential pre-hearing conference on July 26, 2017 at 10:00 a.m., or such other date as may be agreed to by the parties and set by the Office of the Secretary;

 

2.             The Respondents shall serve and file their written submissions on sanctions and costs by no later than July 17, 2017;

 

3.             Staff shall serve and file Staff's reply submissions, if any, by no later than August 11, 2017;

 

4.             The hearing on sanctions and costs shall be held on August 22 and 23, 2017 at 10:00 a.m., or such other dates as may be agreed to by the parties and set by the Office of the Secretary; and

 

5.             The hearing date of July 27, 2017 is vacated.

 

“Timothy Moseley”