| THE SECURITIES ACT | ) |
Order No. 6007 |
) |
||
| Section 148(1) and 19(5) | ) |
October 8, 2009 |
ADAM SHERMAN also known as
JASON SEBROOKE and MICHAEL CHAMBERS,
PETER ROBINSON and ABRAHAM SAKS
WHEREAS:
(A) On November 27, 2008, the Saskatchewan Financial Services Commission, Securities Division ("SFSC") issued an Extending Order ("SFSC Order") against York Rio Resources Inc. ("YORK RIO"), Victor York also known as Victor Georgiadis ("VICTOR YORK"), Adam Sherman also known as Jason Sebrooke and Michael Chambers ("SHERMAN"), Tom Parker ("PARKER"), Joe London ("LONDON"), Peter Robinson ("ROBINSON"), Mark Roberts ("ROBERTS"), Abraham Saks ("SAKS"), Michael Walsh ("WALSH") and Kevin Crawford ("CRAWFORD");
(B) On July 3, 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 YORK RIO, VICTOR YORK, SHERMAN, PARKER, LONDON, ROBINSON, ROBERTS, SAKS, WALSH and CRAWFORD (collectively, "respondents");
(C) On August 19, 2009, the hearing matter came before a panel of the Commission, resulting in Order No. 5982 which provided for orders against VICTOR YORK and YORK RIO and adjourned the hearing matter as against SHERMAN, ROBINSON, and SAKS to October 7, 2009 at 9:00 a.m.;
(D) On October 7, 2009, the hearing matter came before a panel of the Commission;
(E) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondents SHERMAN, ROBINSON, and SAKS, and upon reviewing the Affidavit of Service as to ROBINSON and the Affidavit of Attempted Service as to SHERMAN, filed, and being satisfied as to service upon ROBINSON, 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 ROBINSON 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 ROBINSON and subsection 19(2) of the Act does not, with respect to such securities referred to in that subsection, apply to ROBINSON until the MSC is provided with satisfactory information to enable it to make a further order.
3. THAT, the hearing matter as against SHERMAN and SAKS be adjourned for service to November 18, 2009 at 9:00 a.m.
BY ORDER OF THE COMMISSION
Director, Enforcement and Legal