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THE SECURITIES ACT |
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Order No. 7151 |
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Sections 148, 19(5), and 148.3 |
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July 8, 2015 |
2 WONGS MAKE IT RIGHT ENTERPRISES LTD.,
KHOM WONG, ALSO KNOWN AS KHOM NGOAN HUYNH, AND
JANEEN WONG, ALSO KNOWN AS JANEEN M. SCHIMPF
WHEREAS:
(A) On November 27, 2014, the Alberta Securities Commission (“ASC”) issued a Decision against 2 Wongs Make It Right Enterprises Ltd., Khom Wong, also known as Khom Ngoan Huynh, and Janeen Wong, also known as Janeen M. Schimpf (“ASC Decision”);
(B) On March 13, 2015, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) to consider whether or not it was in the public interest to grant orders with respect to 2 Wongs Make It Right Enterprises Ltd. (“2 WONGS”), Khom Wong, also known as Khom Ngoan Huynh (“KHOM WONG”), and/or Janeen Wong, also known as Janeen M. Schimpf (“JANEEN WONG”);
(C) On July 8, 2015, this hearing 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 respondents, and upon reviewing the Affidavits of Service, filed, and being satisfied as to service upon the respondents, 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, all trading in or purchasing securities by and of 2 WONGS cease and, furthermore, pursuant to subsection 19(5) of the Act, 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 2 WONGS, permanently.
2. THAT, pursuant to section 148 of the Act, KHOM WONG cease trading in or purchasing securities and, furthermore, pursuant to subsection 19(5) of the Act, 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 KHOM WONG until and including November 27, 2024, except that these orders do not preclude him from trading in or purchasing securities through a registrant (who has first been given a copy of this order) in registered retirement savings plans (RRSPs), registered retirement income funds (RRIFs), registered education savings plans (RESPs) or tax-free savings accounts (TFSAs), or their equivalents as may from time to time be defined in the Income Tax Act (Canada), for the benefit of one or more of him, his spouse, and his dependent children.
3. THAT, pursuant to section 148.3 of the Act, KHOM WONG resign all positions he holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer or both of any issuer until and including November 27, 2024.
4. THAT, pursuant to section 148 of the Act, JANEEN WONG cease trading in or purchasing securities and, furthermore, pursuant to subsection 19(5) of the Act, 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 JANEEN WONG until and including November 27, 2024, except that these orders do not preclude her from trading in or purchasing securities through a registrant (who has first been given a copy of this order) in RRSPs, RRIFs, RESPs or TFSAs, or their equivalents as may from time to time be defined in the Income Tax Act (Canada), for the benefit of one or more of her, her spouse, and her dependent children.
5. THAT, pursuant to section 148.3 of the Act, JANEEN WONG resign all positions she holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer or both of any issuer until and including November 27, 2024.
BY ORDER OF THE COMMISSION
Director