Orders and Exemptions

Decision Information

Decision Content

THE SECURITIES ACT Order No. 6430 Sections 148 and 19(5) November 30, 2011 PLANNED LEGACIES INC. WHEREAS: (A) On May 11, 2011, the Alberta Securities Commission ("ASC") issued a decision ("ASC Decision") against various respondents including Planned Legacies Inc. ("PLI") ; (8) On October 21 , 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 P LI; (C) This hearing matter came before a panel of the Commission on November 30 , 2011; (D) Upon reviewing the documentary evidence including the Affidavit of Service, upon hearing the submissions of counsel for staff of the Commission, no one appearing for the respondent, and upon 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 sections 148 and 19(5) of the Act . trading in securities of and by PL I cease and 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 PLI until such time . if ever, as the Director issues a receipt for a prospectus in respect of securities of PLI. 8Y ORDER OF THE COMMISSION or, Legal and Enforcement
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