| THE SECURITIES ACT | ) |
Order No. 4275 |
) |
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| Section 19(5) | ) |
September 23, 2003 |
DJORDJE "GEORGE" VLAOVIC
WHEREAS:
(A) A hearing ("Hearing") was held by The Manitoba Securities Commission ("Commission") on May 26 – 30, 2003 inclusive and continued on June 23 and 24, 2003 pursuant to a Notice of Hearing dated September 16, 2002 and the Statement of Allegations of Staff as Amended on April 28, 2003, to consider:
1. whether or not it is in the public interest to order, pursuant to subsection 19(5) of The Securities Act ("Act"), that:
(a) subsections 19(1) and 19(3) of the Act do not, with respect to such of the trades referred to in those sections, apply to Djordje "George" Vlaovic ("Vlaovic");
(b) subsection 19(2) of the Act does not, with respect to such of the securities referred to in that section, apply to Vlaovic;
2. whether or not it is in the public interest to order that the respondent pay the costs of and incidental to the hearing;
3. whether or not it is in the public interest to order, pursuant to subsection 148.1(1) of the Act, that Vlaovic pay an administrative penalty;
4. such further and other matters and the making of such further and other orders as the Commission may deem appropriate.
IT IS ORDERED:
1. THAT, pursuant to subsection 19(5) of the Act:
(a) subsections 19(1) and 19(3) of the Act do not, with respect to such trades referred to in those sections, apply to Vlaovic; and
(b) subsection 19(2) of the Act does not, with respect to such securities referred to in that section, apply to Vlaovic,
for an indefinite period.
2. THAT, Vlaovic pay to the Commission as a contribution to its costs a lump sum in the amount of $5,000.00.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement