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THE SECURITIES ACT |
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Order No. 6621 |
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Sections 148, 19(5), and 148.3 |
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December 19, 2012 |
ABEL DA SILVA
WHEREAS:
(A) On September 24, 2012, the Ontario Securities Commission (“OSC”) issued an Order against Abel Da Silva (“OSC Order”);
(B) On November 7, 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 The Securities Act, R.S.M. 1988 c. S50 as amended (“Act”) with respect to Abel Da Silva (“DA SILVA”);
(C) On December 19, 2012, this hearing matter came before a panel of the Commission;
(D) 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, DA SILVA cease trading in securities permanently.
2. THAT, pursuant to subsection 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 DA SILVA permanently.
3. THAT, pursuant to section 148.3 of the Act, DA SILVA be prohibited from becoming or acting as a director or officer of any issuer permanently.
BY ORDER OF THE COMMISSION
Director – Legal and Enforcement