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THE SECURITIES ACT |
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Order No. 6284 |
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Sections 148 and 19(5) |
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March 9, 2011 |
ROBERT MICHAEL SMYLSKI
WHEREAS:
(A) On September 27, 2010, the Alberta Securities Commission (“ASC”) issued a Decision against Robert Michael Smylski (“SMYLSKI”);
(B) On January 18, 2011, 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 Section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) with respect to SMYLSKI;
(C) On March 9, 2011, the hearing as against SMYLSKI proceeded before a panel of the Commission;
(D) Upon reviewing the documentary evidence and hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent, and upon reviewing the Affidavits 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, SMYLSKI cease trading in securities permanently.
2. THAT, pursuant to section 19(5) of the Act, subsection 19(1) of the Act, with respect to such of the trades referred to in that subsection, and subsection 19(2) of the Act, with respect to such of the securities referred to in that subsection, do not apply to SMYLSKI permanently.
BY ORDER OF THE COMMISSION
Director, Legal and Enforcement