| THE SECURITIES ACT | ) |
Order No. 6005 |
) |
||
| Section 148(1) and 19(5) | ) |
September 30, 2009 |
Jeanette Cleone Couch
WHEREAS:
(A) On July 7, 2009, the Saskatchewan Financial Services Commission, Securities Division ("SFSC") issued an Extending Order ("SFSC Order") against Jeanette Cleone Couch ("COUCH"), Shire International Real Estate Investment Ltd. ("SHIRE INTERNATIONAL"), Shire Asset Management Ltd. ("SHIRE ASSET"), Hawaii Fund ("HAWAII FUND"), and Maples and White Sands Investment Ltd. ("MAPLES");
(B) On August 14, 2009, The Manitoba Securities Commission ("MSC") issued a Notice of Hearing ("Notice") giving notice of its intention to hold a hearing to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended ("Act") whether or not it was in the public interest to grant orders with respect to COUCH, SHIRE INTERNATIONAL, SHIRE ASSET, HAWAII FUND, and MAPLES;
(C) On September 9, 2009, staff of the Commission appeared before a panel and requested an order pursuant to section 144 as to service upon COUCH by e-mail;
(D) On September 10, 2009, Order No. 5991 issued, providing for service upon COUCH by e-mail and adjourning the hearing to September 30, 2009 at 9:00 a.m.;
(E) On September 30, 2009, the hearing proceeded before a panel of the Commission;
(F) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for COUCH, and upon reviewing the Affidavits of Service, filed, and being satisfied as to service upon COUCH, the Commission is of the opinion that it is in the public interest to make this order.
IT IS ORDERED:
1, THAT, pursuant to section 148(1) of the Act, trading in securities by COUCH cease until the MSC is provided with satisfactory information to enable it to make a further order.
2. THAT, pursuant to subsection 19(5) of the Act, subsection 19(1) of the Act does not, with respect to such of the trades referred to in that subsection, apply to COUCH and subsection 19(2) of the Act does not, with respect to such securities referred to in that subsection, apply to COUCH, until the MSC is provided with satisfactory information to enable it to make a further order.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement