-and-
IN THE MATTER OF: JORY CAPITAL INC.
STATEMENT OF ALLEGATIONS OF STAFF OF THE
MANITOBA SECURITIES COMMISSION
STAFF OF THE MANITOBA SECURITIES COMMISSION ALLEGE, AMONG OTHER THINGS, THAT:
A. STATEMENT OF FACTS
1. Jory Capital Inc. ("Jory") is a company incorporated in the Province of Manitoba.
2. Jory is registered under The Securities Act (the "Act") as an Investment Dealer.
3. One of the registration requirements applicable to Jory is that it maintains the required level of capital required under the by-laws of the Investment Dealers Associations ("IDA").
4. The Manitoba Securities Commission received notice from the IDA on December 22, 1999 that the IDA issued an order on December 22, 1999 (the "Order") suspending the rights and privileges of Jory as a member of the IDA and directing that Jory immediately cease dealing with the public.
5. The Order was issued based on the failure of Jory to maintain levels of risk-adjusted capital required by IDA by-laws.
B. ALLEGATIONS
1. Jory is in violation of the terms of its registration due to its failure to maintain sufficient capital.
2. A delay in holding a hearing pursuant to subsection 8 (1) of the Act would be prejudicial to the public interest.
DATED at Winnipeg, Manitoba this 22nd day of December, 1999.
Director, Legal and Enforcement