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THE SECURITIES ACT |
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Order No. 7252 |
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Sections 148, 19(5), and 148.3 |
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December 16, 2015 |
DONALD ADDISON NASON
WHEREAS:
(A) On October 23, 2015, the Provincial Court of Alberta made an order against Donald Addison Nason (“NASON”);
(B) On November 25, 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 NASON;
(C) NASON, 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, NASON cease trading in securities 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 NASON permanently.
3. THAT, pursuant to section 148.3 of the Act, NASON 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.
BY ORDER OF THE COMMISSION
Director