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THE SECURITIES ACT |
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Order No. 7190 |
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Sections 148, 19(5), and 148.3 |
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September 23, 2015 |
NEIL ALAN LYMER
WHEREAS:
(A) On December 12, 2014, the Alberta Securities Commission (“ASC”) issued a decision against Neil Alan Lymer (“ASC Decision”);
(B) On March 13, 2015, The Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“Notice”) giving notice of its intention to hold a hearing pursuant to section 148.4 of The Securities Act, R.S.M. 1988, c. S50 as amended (“Act”) to consider 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 Neil Alan Lymer (“LYMER”);
(C) LYMER, self-represented, has consented to the issuance of the substance of this order and has waived his right to a full hearing;
(D) Having been satisfied as to service upon the respondent, having reviewed the documentation including the Consent of the respondent, and having considered the respondent’s request to delay the issuance of this order for a period of 90 days, 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, LYMER cease trading in or purchasing securities forthwith and continuing until and including October 1, 2029.
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 LYMER forthwith and continuing until and including October 1, 2029.
3. THAT, pursuant to section 148.3 of the Act, LYMER resign all positions he holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer or both of any issuer forthwith and continuing until and including October 1, 2029.
BY ORDER OF THE COMMISSION
Director