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THE SECURITIES ACT |
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Order No. 7137 |
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Section 148, 19(5), and 148.3 |
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June 24, 2015 |
DAVEED ZARR
formerly known as ASI LALKY
WHEREAS:
(A) On October 31, 2014, the British Columbia Securities Commission (“BCSC”) issued an decision against Daveed Zarr formerly known as Asi Lalky (“BCSC Decision”);
(B) On March 17, 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 pursuant to sections 148, 19(5), and 148.3 of the Act with respect to Daveed Zarr formerly known as Asi Lalky (“ZARR”);
(C) On June 24, 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 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, until the later of the date upon which the Director of the Commission has received confirmation that ZARR has satisfied paragraph 35(B) of the BCSC Decision for payment of an administrative penalty to the BCSC and October 31, 2018, ZARR is prohibited from trading in, or purchasing, any securities or exchange contracts, except he may trade and purchase securities for his own account through a registrant, if, prior to such trade or purchase, he gives the registrant a copy of this order.
2. THAT, pursuant to subsection 19(5) of the Act, until the later of the date upon which the Director of the Commission has received confirmation that ZARR has satisfied paragraph 35(B) of the BCSC Decision for payment of an administrative penalty to the BCSC and October 31, 2018, 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 ZARR.
3. THAT, pursuant to section 148.3 of the Act, until the later of the date upon which the Director of the Commission has received confirmation that ZARR has satisfied paragraph 35(B) of the BCSC Decision for payment of an administrative penalty to the BCSC and October 31, 2018, ZARR resign any position he holds as a director or officer of an issuer and be prohibited from becoming or acting as a director or officer of any issuer.
BY ORDER OF THE COMMISSION
Director