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THE SECURITIES ACT |
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Order No. 7227 |
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Sections 148 and 19(5) |
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November 18, 2015 |
DOUGLAS WAYNE SCHNEIDER
WHEREAS:
(A) On July 20, 2015, the Provincial Court of Alberta made an order against Douglas Wayne Schneider (“SCHNEIDER”);
(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 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 SCHNEIDER;
(C) SCHNEIDER, represented by legal counsel, 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, SCHNEIDER cease trading in securities or derivatives permanently, except that:
(a) he may trade in securities or derivatives through a registrant who has been given a copy of this order, in one or more Registered Retirement Savings Plan, Registered Retirement Income Fund, Registered Education Savings Plan, Registered Disability Savings Plan, Deferred Profit Sharing Plan, a pension plan or fund, a mutual fund or exchange traded fund, a life insurance policy, tax-free savings account, and/or Locked in Retirement accounts, or any similar plans, on his own behalf or on behalf of his spouse and/or children, or if such trades of securities or derivatives are made by his employer on his behalf as part of his employment benefits or options, in which case a copy of this order need not be provided;
(b) he may purchase securities or derivatives in an issuer whose securities are not distributed to the public.
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 SCHNEIDER permanently.
BY ORDER OF THE COMMISSION
Director