ENFORCEMENT SUMMARY
| IN THE MATTER OF: AND IN THE MATTER OF: |
The Securities Act JAMES HARVEY CAMERON (“Cameron”), SONNUM CAPITAL CORPORATION (“Sonnum Capital”) and SONNUM CAPITAL LEASING CORP. (“Sonnum Capital Leasing”) |
Charges
On December 8, 2005, Judge Swail of the Provincial Court of Manitoba accepted guilty pleas of Cameron to nine (9) counts of trading without registration contrary to section 6(1) of The Securities Act of Manitoba (the “Act”). Sonnum Capital and Sonnum Capital Leasing each pled guilty to two (2) counts of trading without registration contrary to section 6(1) of the Act.
Summary
Cameron, a resident of Alberta, was promoting investments in small business corporations. The charges to which Cameron pled guilty involved nine investors who invested money for shares of either Cuatro Corp., Sonnum Capital or Sonnum Capital Leasing. In total, the nine investors invested the sum of $ 288,200.00. The investors had funds transferred from registered plans to a trust company where the cash holdings were used to purchase shares in the foregoing corporations. The corporations, Sonnum Capital and Sonnum Capital Leasing each pled guilty to registration charges involving investors who dealt with Cameron. Cameron was a Director of both Sonnum Capital and Sonnum Capital Leasing.
Sentence
Cameron, Sonnum Capital and Sonnum Capital Leasing were sentenced on June 22, 2006 before Judge Stannard. Cameron was fined $9,000.00 and was placed on probation for a period of three years which included a restitution order as part of his probation order. Sonnum Capital and Sonnum Capital Leasing were each ordered to pay a fine of $2,000.00. Costs and surcharges were waived and the court granted time to pay the foregoing fines.
The Manitoba Securities Commission
October 31, 2006