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THE SECURITIES ACT |
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Order No. 7229 |
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Sections 148, 19(5), and 148.3 |
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November 18, 2015 |
NEIL SURESH CHANDRAN AND
NEIL SURESH CHANDRAN doing business as CHANDRAN MEDIA
WHEREAS:
(A) On May 19, 2015, the Alberta Securities Commission (“ASC”) issued a decision against Neil Suresh Chandran and Neil Suresh Chandran doing business as Chandran Media (“ASC Decision”);
(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 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 Neil Suresh Chandran and/or Neil Suresh Chandran doing business as Chandran Media (“CHANDRAN MEDIA”);
(C) Neil Suresh Chandran and CHANDRAN MEDIA, self-represented, have consented to the issuance of this order and have waived their rights 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 and subsection 19(5) of the Act, Neil Suresh Chandran cease trading in securities permanently and 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 Neil Suresh Chandran permanently, except that these orders do not preclude him from trading in securities through a registrant, who has first been given a copy of this order, in registered retirement savings plans, registered retirement income funds, registered education savings plans or tax-free savings accounts, as defined in the Income Tax Act (Canada), or in comparable plans, funds or accounts under United States income tax laws, operated in each case for the benefit of himself or one or more members of his immediate family.
2. THAT, pursuant to section 148.3 of the Act, Neil Suresh Chandran 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 permanently.
3. THAT, pursuant to section 148 of the Act, all trading in securities by and of CHANDRAN MEDIA cease permanently.
4. 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 CHANDRAN MEDIA permanently.
BY ORDER OF THE COMMISSION
Director