THE SECURITIES ACT |
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Order No. 6263 |
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Sections 148 and 148.3 |
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February 16, 2011 |
GURPREET KAUR JHUTTY
WHEREAS:
(A) On November 12, 2010, the Executive Director of the British Columbia Securities Commission (“BCSC”) entered into a settlement agreement (“Settlement”) with Gurpreet Kaur Jhutty (“JHUTTY”) and made an order against him (“BCSC Order”);
(B) In the Settlement, JHUTTY consented to any securities regulator in Canada relying upon the facts admitted in the Settlement solely for the purpose of making an order similar to the one contemplated in the Settlement;
(C) On January 6, 2011, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing to consider whether or not it was in the public interest to grant orders pursuant to The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) with respect to JHUTTY;
(D) JHUTTY has consented to the issuance of this Order and has waived his right to a full hearing;
(E) 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 of the Act, JHUTTY cease trading in securities until November 12, 2016, except that he may purchase and trade mutual funds through such RSP and RESP accounts as he may have held in his own name as of November 12, 2010 through a registered representative, provided he first gives a copy of this order to the registered representative before any trade.
2. THAT, pursuant to section 148.3 of the Act, JHUTTY is prohibited from becoming or acting as a director or officer of any issuer until November 12, 2016.
BY ORDER OF THE COMMISSION
Deputy Director, Legal