TH E
M ANITOBA
S ECURITIE S
CO MM I S SIO N
THE SECURITIES ACT
)
Order No. 6301
)
Section 148 and 148.3
)
April 13, 2011
NOLA WANDA BEECROFT
WHEREAS:
(A)
On October 29, 2010, the Executive Director of the British Columbia
Securities
Commission
("BCSC")
entered
into
a
settlement
agreement,
("Settlement") with Nola Wanda Beecroft ("BEECROFT") and made an order against
her ("BCSC Order") ;
(B)
In the Settlement, BEECROFT consented to any securities regulator in
Canada relying upon the facts admitted in the Settlement solely for the purpose of
making an Order similar to the one contemplated in the Settlement;
(C)
On
March
17,
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 The Securities Act, R.S.M. 1988, c. S50 as amended
("Act") with respect to BEECROFT;
(D)
On April 13, 2011, the hearing as against BEECROFT proceeded
before a panel of the Commission;
(E)
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 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, BEECROFT cease trading in
securities until October 29, 2015, except that BEECROFT may trade and purchase
securities through one account in her own name through a registered representative
if she provides a copy of this order to the registered representative before any trade.
500-4()O St . Mary AVl!.nu~•. Wlnni,JI;).t, ManilOba R3C .. K5
leI: (Z(.H) CJ~S,2S"1l fax: (20" ) 94S0:n O Wlvw.mS{:.l:ov.mb.ca
Page 2
2.
THAT, pursuant to section 148.3 of the Act, BEECROFT is prohibited
from acting as a director or officer of any issuer, except a private issuer in which she
or members of her family are the sole shareholders, until October 29, 2015.
BY ORDER OF THE COMMISSION
Drtoi,Legal an'"tl EnfOrcement
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.