| THE SECURITIES ACT | ) |
Order No. 5825 |
) |
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| Sections 148.4 and 148.3 | ) |
December 17, 2008 |
PETER GEORGE LEE
WHEREAS:
(A) On July 2, 2008, the Ontario Securities Commission (“OSC”) entered into a settlement (“Settlement”) with Peter George Lee (“LEE”) and made an order against him dated July 3, 2008 (“OSC Order”);
(B) On October 16, 2008, The Manitoba Securities Commission (“Commission”) issued a 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 LEE;
(C) LEE has consented to the issuance of this Order and has waived his right to a full hearing;
(D) 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 148.3 of the Act, LEE resign all positions he holds as a director or officer of a reporting issuer and is prohibited from becoming or acting as a director or officer of any reporting issuer or registrant until July 3, 2023.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement