THE SECURITIES ACT |
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Order No. 7308 |
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Section 148.3 |
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April 13, 2016 |
KENNETH GILBERT EDMUNDSON
WHEREAS:
(A) On December 22, 2015, the Executive Director of the Alberta Securities Commission (“ASC”) entered into a Settlement Agreement and Undertaking with Kenneth Gilbert Edmundson (“EDMUNDSON”);
(B) On February 1, 2016, 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 EDMUNDSON;
(C) EDMUNDSON, self-represented, 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 148.3 of the Act, EDMUNDSON resign any position 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 until December 22, 2023.
BY ORDER OF THE COMMISSION
Director