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THE SECURITIES ACT |
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Order No. 7173 |
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Sections 148 and 148.3 |
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July 30, 2015 |
GAYLE MARIE WALTON
WHEREAS:
(A) On June 27, 2013, the Alberta Securities Commission (“ASC”) issued a Decision against Gayle Marie Walton (“ASC Decision”);
(B) On July 10, 2013, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) whether or not it was in the public interest to grant orders pursuant to sections 148 and 148.3 of the Act with respect to Gayle Marie Walton (“WALTON”);
(C) On September 12, 2013, Order No. 6794 issued consented to by WALTON;
(D) Order No. 6794 provided for review by the Commission as to any variation which may be required, if any, in the event of the respondent proceeding with an appeal of the ASC Decision, and the appeal resulting in a change to any portion of the ASC Decision reciprocated by Order No. 6794;
(E) On August 29, 2014, the Alberta Court of Appeal issued a judgment allowing the appeal of WALTON from the ASC Decision, setting aside the findings of culpability against her;
(F) On March 26, 2015, the ASC’s application for leave to appeal to the Supreme Court of Canada was dismissed;
(G) Staff and the respondent, self-represented, consent to the issuance of this order;
(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 paragraph 3 of Order No. 6794, Order No. 6794 is revoked as to the respondent WALTON.
BY ORDER OF THE COMMISSION
Deputy Director