THE SECURITIES ACT |
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Order No. 7321 |
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Sections 148, 19(5), 148.3, and 8 |
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April 28, 2016 |
GLENN FRANCIS DUNBAR
WHEREAS:
(A) On December 2, 2015, the Nova Scotia Securities Commission issued an order against Glenn Francis Dunbar (“DUNBAR”);
(B) On January 19, 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 DUNBAR;
(C) DUNBAR, represented by legal counsel, has consented to the issuance of this order and has waived his right to a full hearing;
(D) 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, DUNBAR permanently cease trading in securities on his own behalf or on behalf of others, except through a person or company duly registered with the Commission.
2. THAT, 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 DUNBAR permanently.
3. THAT, pursuant to section 148.3 of the Act, DUNBAR be prohibited from becoming or acting as a director or officer of any issuer permanently.
4. THAT, pursuant to section 8 of the Act, DUNBAR be prohibited from becoming or acting as a registrant permanently.
BY ORDER OF THE COMMISSION
Director