ENFORCEMENT SUMMARY
In the Matter of The Securities Act
And in the matter of ROBERT WALTER KALAPACA
Charges:
On March 19, 2004, Robert Walter Kalapaca (“Kalapaca”) pled guilty in the Provincial Court of Manitoba to two counts of trading
Summary:
Kalapaca pled guilty to 2 counts of trading without registration which involved an investment in a condominium project and the trading of a promissory note issued by Kaiser Holdings, a company owned by Kalapaca. Both trades took place in 1998 and involved the same investor. A total of $20,000.00 (U.S.D.) was invested with $2,500.00 going into the condominium investment and the remaining amount going to Kaiser Holdings. Kalapaca caused Kaiser Holdings to purchase shares in a company called MLB Industries Ltd. and subsequently had these shares sold, at a loss, converting the proceeds to personal use. The investor did not receive any returns. Prior to sentencing, Kalapaca paid the sum of $5,400.00 (Cdn) towards restitution.
Sentence:
On October 14, 2004, Judge Chartier accepted the joint recommendation of 30 days imprisonment concurrent on both counts. Kalapaca was also placed on one year supervised probation which included a condition that he not work in the securities industry, nor manage or invest client money or trade in securities for others.
The Manitoba Securities Commission