| THE SECURITIES ACT | ) |
Order No. 5757 |
) |
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| Section 148 and 148.3 | ) |
August 13, 2008 |
KEVIN JASON STEELE
WHEREAS:
(A) On March 31, 2008, the Executive Director of the British Columbia Securities Commission ("BCSC") entered into a settlement ("Settlement") with Kevin Jason Steele ("STEELE") and made an order against him ("BCSC Order");
(B) In the Settlement, STEELE consented to any securities regulator in Canada relying on the facts admitted in the Settlement solely for the purpose of making an order similar to the one contemplated in the Settlement;
(C) On June 10, 2008, The Manitoba Securities 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 STEELE;
(D) On August 13, 2008, this matter was heard by a panel of the Commission;
(E) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission 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, STEELE cease trading permanently in securities, except that he may trade in one account in his own name through a registered representative if he provides a copy of this Order to the registered representative before any trade.
2. THAT, pursuant to section 148.3 of the Act, STEELE resign any position he may hold as, and be permanently prohibited from becoming or acting as, a director or officer of any issuer.
3. THAT STEELE be permanently prohibited from engaging in investor relations activities.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement