| THE SECURITIES ACT | ) |
Order No. 6009 |
) |
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| Sections 148(1), 19(5) and 148.3 | ) |
October 7, 2009 |
GORD McQUARRIE
WHEREAS:
(A) On May 10, 2009, staff of the Ontario Securities Commission (“OSC”) entered into a settlement (“Settlement”) with Gord McQuarrie (“MCQUARRIE”), resulting in an order against him dated May 12, 2009 (“OSC Order”);
(B) On August 14, 2009, The Manitoba Securities Commission 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 MCQUARRIE;
(C) On October 7, 2009, the hearing proceeded before a panel of the Commission;
(D) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent, and upon reviewing the Affidavit of Service, filed, and being satisfied as to service upon the respondent, 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, MCQUARRIE cease trading in securities until May 12, 2013.
2. THAT, pursuant to subsection 19(5) of the Act, subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to MCQUARRIE until May 12, 2013.
3. THAT, pursuant to section 148.3 of the Act, MCQUARRIE be prohibited from becoming or acting as a director or officer of any issuer until May 12, 2013.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement