Hearings and Proceedings

Decision Information

Decision Content

IN THE MATTER OF: 
THE SECURITIES ACT

-and-

IN THE MATTER OF:
CEM ALI

NOTICE OF HEARING

TAKE NOTICE that The Manitoba Securities Commission ("Commission") will hold a public hearing ("Hearing") at its offices at Room 500 - 400 St. Mary Avenue, Winnipeg, Manitoba on Wednesday, the 31st day of March, 2010 commencing at 9:00 o'clock in the forenoon or so soon thereafter as the Hearing can be held, and from day to day thereafter until the Hearing is concluded, to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended ("Act"):

1. whether or not it is in the public interest to order, pursuant to section 148 of the Act, that Cem Ali ("ALI") be cease traded;

2. whether or not it is in the public interest to order, pursuant to section 148.3 of the Act, that ALI be prohibited from becoming or acting as a director or officer of any issuer;

3. such further and other matters and the making of such further and other orders as the Commission may deem appropriate.

BY REASON OF THE FOLLOWING ALLEGATIONS:

By reason of an order of the Acting Executive Director of the British Columbia Securities Commission dated December 14, 2009, with attached Settlement Agreement also dated December 14, 2009, to be filed, and such other material as staff counsel may advise and the panel may allow.

AND FURTHER TAKE NOTICE that a person or company attending or submitting evidence at the Hearing may be represented by counsel of its choice.

AND FURTHER TAKE NOTICE that any party to the proceedings may, at the Hearing, call witnesses and submit such evidence relevant to the Hearing as it may wish and, for that purpose, it may obtain from the Director of the Commission at Room 500 - 400 St. Mary Avenue, Winnipeg, Manitoba, a form or forms of summons to compel the attendance of witnesses.

AND FURTHER TAKE NOTICE that upon failure of any party to attend at the time and place aforesaid, the Hearing may proceed in that party's absence and the Commission may make or give any decision or order as though that party were present.

DATED at Winnipeg, Manitoba this 22nd day of February, 2010.

Director, Legal and Enforcement

TO: CEM ALI

 You are being directed to the most recent version of the statute which may not be the version considered at the time of the judgment.