Securities Law & Instruments

IN THE MATTER OF

NELSON PETER BRADBURY

 

Timothy Moseley, Chair of the Panel

 

June 12, 2017

 

ORDER

(Subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5)

 

                WHEREAS on June 12, 2017, the Ontario Securities Commission (the Commission) held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, in relation to an application by Staff of the Commission (Staff) for an order imposing sanctions pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act);

 

                ON READING the findings of the Alberta Securities Commission (the ASC) dated November 8, 2016 (the ASC Order), in the matter of Nelson Peter Bradbury (Bradbury), and a Statement of Admissions and Joint Submission on Sanction between Bradbury and ASC Staff dated September 8, 2016;

 

                AND ON READING a hearing brief filed by Staff, and on hearing the submissions of the representative for Staff, appearing in person; and considering a Consent from Bradbury, through his counsel, consenting to the making of this Order;

 

                IT IS ORDERED:

 

1.             against Bradbury that:

 

a.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Bradbury cease permanently, except that this order does not preclude him from trading in securities or derivatives through a registrant (who has first been given a copy of the ASC Order, and a copy of this Order) in accounts maintained with that registrant for the benefit of one or more of himself and members of his immediate family;

 

b.             pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of securities by Bradbury cease permanently, except that this order does not preclude him from purchasing securities through a registrant (who has first been given a copy of the ASC Order, and a copy of this Order) in accounts maintained with that registrant for the benefit of one or more of himself and members of his immediate family;

 

c.             pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Bradbury permanently;

 

d.             pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, Bradbury resign any positions that he holds as a director or officer of any issuer, registrant, or investment fund manager;

 

e.             pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, Bradbury be prohibited permanently from becoming or acting as a director or officer of any issuer, registrant or investment fund manager; and

 

f.              pursuant to paragraph 8.5 of subsection 127(1) of the Act, Bradbury be prohibited permanently from becoming or acting as a registrant, investment fund manager or promoter.

 

“Timothy Moseley”