THE SECURITIES ACT |
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Order No. 6266 |
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Section 148 and 148.3 |
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February 16, 2011 |
GLEN MATTHEW
WHEREAS:
(A) On February 11, 2010, the Executive Director of the British Columbia Securities Commission (“BCSC”) entered into a settlement agreement, (“Settlement”) with Glen Matthew (“MATTHEW”) and made an order against him (“BCSC Order”);
(B) In the Settlement, MATTHEW 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 Section 148.4 The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) with respect to MATTHEW;
(D) On February 16, 2011, the hearing as against MATTHEW proceeded 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 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 of the Act, MATTHEW cease trading in securities until February 11, 2025, except that MATTHEW may trade and purchase securities through one account in his own name through a registered representative if he provides a copy of this order to the registered representative before any trade.
2. THAT, pursuant to section 148.3 of the Act, MATTHEW is prohibited from acting as a director or officer of any issuer until February 11, 2025.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement