Securities Law & Instruments

IN THE MATTER OF

EAGLEMARK VENTURES, LLC,

FALCON HOLDINGS, LLC,

RICHARD LIAN

(also known as RICHARD TERRY RUUSKA) and

ENNA M. KELLER

 

Mark J. Sandler, Chair of the Panel

 

October 2, 2017

 

ORDER

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

 

                WHEREAS the Ontario Securities Commission held a hearing in writing, 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 materials filed by the representatives of Staff, no one participating for EagleMark Ventures, LLC (EagleMark), Falcon Holdings, LLC (Falcon), Richard Lian (also known as Richard Terry Ruuska) and Enna M. Keller, although properly served as appears from the Affidavit of Service of Lee Crann, sworn August 21, 2017;

 

                IT IS ORDERED THAT:

 

1.             against Lian:

 

a.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Lian cease permanently;

 

b.             pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Lian cease permanently;

 

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

 

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

 

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

 

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

 

2.             against Keller:

 

a.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Keller cease permanently;

 

b.             pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Keller cease permanently;

 

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

 

d.             pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Keller resign any positions that she holds as a director or officer of any issuer or registrant;

 

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

 

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

 

3.             against EagleMark:

 

a.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities of EagleMark cease permanently;

 

b.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by EagleMark cease permanently;

 

c.             pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by EagleMark be prohibited permanently;

 

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

 

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

 

4.             against Falcon:

 

a.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities of Falcon cease permanently;

 

b.             pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Falcon cease permanently;

 

c.             pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Falcon be prohibited permanently;

 

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

 

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

 

“Mark J. Sandler”