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THE SECURITIES ACT |
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Order No. 7306 |
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Sections 148, 148.3, and 8 |
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April 13, 2016 |
COLIN ROBERT HUGH MCCABE
WHEREAS:
(A) On December 18, 2014, the British Columbia Securities Commission (“BCSC”) issued a decision against Colin Robert Hugh McCabe (“BCSC Decision”);
(B) On February 1, 2016, 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 Colin Robert Hugh McCabe (“MCCABE”);
(C) On April 13, 2016, 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 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, MCCABE cease trading in securities permanently, except that MCCABE may trade securities for his own account through a registrant if he gives the registrant a copy of this order.
2. THAT, pursuant to section 148.3 of the Act, MCCABE resign any position he holds as a director or officer of an issuer and be prohibited permanently from becoming or acting as a director or officer of any issuer.
3. THAT, pursuant to section 8 of the Act, MCCABE be prohibited permanently from becoming or acting as a registrant.
BY ORDER OF THE COMMISSION
Director