THE SECURITIES ACT ) Order No. 6824 THE MANITOBA SECURITIES ) COMMISSION Sections 148, 19(5), and 148.3 ) October 23, 2013 RICHARD SCHMIDT WHEREAS: (A) On July 24, 2013, the Alberta Securities Commission ("ASC") issued an order against Richard Schmidt ("ASC Order"); (B) On September 6, 2013, The Manitoba Securities Commission ("Commission") issued a Notice of Hearing ("Notice") giving notice of its intention to hold a hearing to consider pursuant to section 148.4 of The Securities Act, R.S.M. 1988 c. S50 as amended ("Act") whether or not it was in the public interest to grant orders pursuant to sections 148, 19(5), and 148.3 of the Act with respect to Richard Schmidt ("SCHMIDT"); (C) On October 23, 2013, this hearing matter came before a panel of the Commission ; {D) 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, SCHMIDT 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 SCHMIDT permanently. 3. THAT, pursuant to section 148.3 of the Act, SCHMIDT resign all positions he holds as a director or officer of any issuer and be proh ibited permanently from becoming or acting as a director or officer or both of any issuer. BY ORDER OF THE COMMISSION 500-400 St. Mary Avenue, Winnipei.:, Manit-Otia ltJ.C 4KS tel: (204) 945.2.H8 fax: (204) 94S .03JO \nwoยท..m~.i.;ov.mb.at
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