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THE SECURITIES ACT |
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Order No. 7209 |
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Sections 148, 19(5), and 148.3 |
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October 14, 2015 |
DAVID AMAR
WHEREAS:
(A) On March 5, 2015, the Ontario Securities Commission (“OSC”) issued an order against David Amar (“OSC Order”);
(B) On August 27, 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 with respect to David Amar;
(C) David Amar, self-represented, has consented to the issuance of this order and has waived his right 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, David Amar cease trading in securities or derivatives 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 David Amar permanently.
3. THAT, pursuant to section 148.3 of the Act, David Amar resign all positions he holds as a director or officer of an issuer and be prohibited permanently from becoming or acting as a director or officer of any issuer.
BY ORDER OF THE COMMISSION
Director