Orders and Exemptions

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THE SECURITIES ACT

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Order No.  6508

 

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Sections 148, 19(5), and 148.3

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April 25, 2012

 

 

VINCENZO (VINCENT) SIRIANNI

 

WHEREAS:

 

(A)         On December 8, 2011, the Alberta Securities Commission (“ASC”) issued a Decision against Vincenzo (Vincent) Sirianni (“SIRIANNI”);

 

(B)         On February 8, 2012, 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 SIRIANNI;

 

(C)         This hearing matter came before a panel of the Commission on March 21, 2012 resulting in the issuance of Order No. 6487 granting an order of substitutional service pursuant to section 144 of the Act and adjourning the matter to April 25, 2012;

 

(D)         This hearing matter came before a panel of the Commission on April 25, 2012;

 

(E)         Upon reviewing the documentary evidence including the Affidavit of Service and 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, SIRIANNI cease trading in securities 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 SIRIANNI permanently, except that this order does not preclude SIRIANNI from trading in or purchasing mutual funds or exchange-traded funds through a registrant, who has first been given a copy of this order, in a registered retirement savings plan, tax-free savings account or registered education savings plan, each as defined in the Income Tax Act (Canada), for the benefit of one or more of SIRIANNI, his spouse and his children.

 

2.                            THAT, pursuant to section 148.3 of the Act, SIRIANNI resign all positions he holds as a director or officer of any issuer and is prohibited from becoming or acting as a director or officer or both of any issuer permanently.

 

BY ORDER OF THE COMMISSION

 

                                                                           Director, Legal and Enforcement

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