THE SECURITIES ACT |
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Order No. 6328 |
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Sections 148 and 19(5) |
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June 1, 2011 |
KCP INNOVATIVE SERVICES INC.
WHEREAS:
(A) On October 20, 2009, the Alberta Securities Commission (“ASC”) issued a Decision against KCP Innovative Services Inc. (“KCP”);
(B) On April 15, 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 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) with respect to KCP;
(C) On June 1, 2011, this matter came 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 KCP, and upon reviewing the Affidavits of Service, filed, and being satisfied as to service upon the respondent KCP, the Commission is of the opinion that it is in the public interest to make this order.
IT IS ORDERED:
1. THAT pursuant to sections 148 and 19(5) of the Act, KCP cease trading in securities and 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 KCP, unless and until KCP files a prospectus with the Commission and receives a receipt.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement