THE MANITOBA
SECUR ITI £S
COMMISS I ON
THE SECURITIES ACT
Order No. 6408
Sections 148 and 148.2
September 23, 2011
FUTRONICS INC.
WHEREAS:
(A)
On February 20, 2002, The Manitoba Securities Commission
("Commission") issued Order No. 3665 providing for, inter alia, a cease trade
in the securities of Futronics Inc. ("FUTRONICS");
(8)
On February 21, 2002, the Commission issued a Notice of
Hearing naming FUTRONICS as one of the respondents;
(C)
Subsequent to the issuance of Order No. 3665, the Commission
issued Order No. 3677, Order No. 3778, Order No. 4008, and Order No. 4197
extending the cease trade;
(D)
The last of the extending orders, Order No. 4197, was issued on
June 27, 2003;
(E)
Order No. 4197 provided for a prohibition on the trading in
securities of FUTRONICS pursuant to section 148 for an indefinite period and
adjourned the hearing to a date to be determined;
(F)
On May 2, 2011, the Commission issued an Amended Notice of
Hearing ;
(G)
FUTRONICS has consented to the issuance of this Order and
has waived its right to a full hearing ;
(H)
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, trading
in the
securities of FUTRONICS cease for a period of ten (10) years from the date of
this order.
500-400 St. Mary Avenue, Winnipeg, Manitoba R3 C 4K5 te l: (204) 945.2548 fax: (204) 945.0330 www.msc.gov.mb.ca
2
2.
THAT, pursuant to section 148.2 of the Act, FUTRONICS pay to
Jeffrey Paul Gulyas the amount of $7 ,692 .21 .
3.
THAT, with the issuance of this order , Order No. 4197 is hereby
revoked as of the date of this order.
BY ORDER OF THE COMMISSION
Direct r
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