|
THE SECURITIES ACT |
) |
Order No. 7230 |
|
|
) |
|
|
Sections 148, 19(5), and 148.3 |
) |
November 18, 2015 |
BLUESTREAM CAPITAL CORPORATION,
BLUESTREAM INTERNATIONAL INVESTMENTS INC.,
KROWN CONSULTING CORP., 1859585 ONTARIO LTD. operating as
SOVEREIGN INTERNATIONAL INVESTMENTS AND PETER BALAZS
WHEREAS:
(A) On April 21, 2015, the Ontario Securities Commission (“OSC”) issued an order against Bluestream Capital Corporation, Bluestream International Investments Inc., Krown Consulting Corp., 1859585 Ontario Ltd. operating as Sovereign International Investments and Peter Balazs (“OSC Order”);
(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 Bluestream Capital Corporation (“BLUESTREAM CAPITAL”), Bluestream International Investments Inc. (“BLUESTREAM INTERNATIONAL”), Krown Consulting Corp. (“KROWN”), 1859585 Ontario Ltd. operating as Sovereign International Investments (“1859585 ONTARIO”) and/or Peter Balazs (“BALAZS”), collectively referred to as the respondents;
(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, the respondents cease trading in any 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 the respondents permanently.
3. THAT, pursuant to section 148.3 of the Act, BALAZS resign any positions he holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer of any issuer.
BY ORDER OF THE COMMISSION
Director