Orders and Exemptions

THE SECURITIES ACT	)	Order No. 5753
	)
Section 148 and 148.3	)	August 13, 2008

 

DARYL JOSEPH KLEIN AND KLEINCORP MGMT. INC.,
doing business as Insta-Cash Loans

WHEREAS:

(A) On October 17, 2006, the Executive Director of the British Columbia Securities Commission (“BCSC”) entered into a settlement (“Settlement”) with Daryl Joseph Klein (“KLEIN”) and Kleincorp Mgmt. Inc., doing business as Insta-Cash Loans (“KLEINCORP”) and made an order against them dated October 17, 2006 (“BCSC Order”);

(B) In the Settlement, the respondents consented to any securities regulator in Canada relying upon the facts admitted in the Settlement to make orders against them;

(C) On June 9, 2008, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing, amended on June 10, 2008 by the issuance of the Amended Notice of Hearing (“Notice”), giving notice of its intention to hold a hearing to consider whether or not it was in the public interest to grant orders pursuant to The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) with respect to the respondents;

(D) On August 13, 2008, this matter was heard by a panel of the Commission;

(E) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission 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, KLEIN and KLEINCORP cease trading in securities until October 17, 2026, except that KLEIN may trade securities in one account in his name held with a registered dealer provided KLEIN gives a copy of this Order to the registered dealer.

2. THAT, pursuant to section 148.3 of the Act, KLEIN resign any position he may hold, and is prohibited from becoming or acting, as a director or officer of any issuer until the later of:

(a) October 17, 2026; and

(b) the date on which he successfully completes a course of study satisfactory to the Executive Director of the BCSC concerning the duties and responsibilities of directors and officers pursuant to the BCSC Order,

with the exception that KLEIN may continue to act as director or officer of any issuer solely for the purpose of dissolving, winding down, or filing a proposal in bankruptcy for that issuer.

3. THAT KLEIN and KLEINCORP will not engage in investor relations activities until October 17, 2026.

BY ORDER OF THE COMMISSION

Director, Legal and Enforcement