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THE SECURITIES ACT |
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Order No. 7233 |
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Sections 148 and 148.3 |
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November 18, 2015 |
JEFFREY KARL WIEGEL, 0772835 B.C. LTD.,
LOCAL 1661 BUILDING INC. AND ALMAVAL BUILDING INC.
WHEREAS:
(A) On February 23, 2015, the British Columbia Securities Commission (“BCSC”) issued a decision against Jeffrey Karl Wiegel, 0772835 B.C. Ltd., Local 1661 Building Inc. and Almaval Building Inc. (“BCSC Decision”);
(B) On August 28, 2015, 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 Jeffrey Karl Wiegel (“WIEGEL”), 0772835 B.C. Ltd., Local 1661 Building Inc. (“LOCAL 1661”) and/or Almaval Building Inc. (“ALMAVAL”);
(C) On November 18, 2015, 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 respondents, and upon reviewing the Affidavits of Service, filed, and being satisfied as to service upon the respondents, 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, trading in securities by and of each of 0772835 B.C. Ltd., LOCAL 1661 and ALMAVAL cease permanently.
2. THAT, pursuant to section 148 of the Act, WIEGEL cease trading in securities, for a period that is the longer of up to and including February 23, 2025 and the date upon which WIEGEL has paid all amounts to the BCSC as set out in paragraph 68(b)(iii) of the BCSC Decision, provided that the Director of the Commission has received confirmation of such payment, except that he may during the cease trade period trade securities for his own account through a registrant, if he gives the registrant a copy of this order.
3. THAT, pursuant to section 148.3 of the Act, WIEGEL resign any position he holds as a director or officer of an issuer and be prohibited from becoming or acting as a director or officer of any issuer, for a period that is the longer of up to and including February 23, 2025 and the date upon which WIEGEL has paid all amounts to the BCSC as set out in paragraph 68(b)(iii) of the BCSC Decision, provided that the Director of the Commission has received confirmation of such payment.
BY ORDER OF THE COMMISSION
Director