THE MANITOBA SECURITIES THE SECURITIES ACT ) Order No. 6819 COMMISSION ) Sections 148 and 19(5) ) October 17, 2013 NEW SOLUTIONS FINANCIAL CORPORATION AND NEW SOLUTIONS FINANCIAL (II) CORPORATION WHEREAS: (A) On April 10, 2013, the Ontario Securities Commission ("OSC") issued an order against New Solutions Financial Corporation and New Solutions Financial (II) Corporation ("OSC Order"); (8) On September 10, 2013, 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 New Solutions Financial Corporation ("NSFC") and/or New Solutions Financial (II) Corporation ("NSFll"); (C) NSFC and NSFll have consented to the issuance of this order and have waived their respective rights to a full hearing; (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, NSFC and NSFll 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 NSFC and NSFll permanently. BY ORDER OF THE COMMISSION Didir~ 500400 St. Mary Avenue, '\\'lnnrpeJI, Manitot:ia RJC 4KS tel: (Z(l4) 945.254-8 fux: (204) 945 .03JO www.mK.J.:-O".mb.ca
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.