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THE SECURITIES ACT |
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Order No. 7353 |
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Sections 148, 19(5), 148.3, and 8 |
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June 1, 2016 |
WIRELESS WIZARD TECHNOLOGIES INC., RAYMOND MICHAEL
ROGER SASSEVILLE, EDITH MARIE SASSEVILLE AND RICHARD KELLER
WHEREAS:
(A) On December 9, 2015, the British Columbia Securities Commission issued a Decision (“BCSC Decision”) against Wireless Wizard Technologies Inc. (“WWTI”), Raymond Michael Roger Sasseville (“RAY”), Edith Marie Sasseville (“EDITH”) and Richard Keller (“KELLER”);
(B) On February 23, 2016, 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 WWTI, RAY, EDITH and/or KELLER;
(C) On June 1, 2016, 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, trading in securities by and of WWTI cease permanently.
2. THAT, pursuant to section 148 of the Act, RAY cease trading in securities until the latest of December 9, 2020, the date that RAY completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in paragraphs 6 and 7 of the BCSC Decision have been paid to the BCSC, except that he may trade securities for his own account through a registrant, if he gives the registrant a copy of this order.
3. 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 RAY until the latest of December 9, 2020, the date that RAY completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in paragraphs 6 and 7 of the BCSC Decision have been paid to the BCSC, except for those exemptions necessary to enable RAY to trade in securities for his own account.
4. THAT, pursuant to section 148.3 of the Act, RAY 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 of any issuer, other than an issuer all the securities of which are beneficially owned by him or members of his immediate family, until the latest of December 9, 2020, the date that RAY completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in paragraphs 6 and 7 of the BCSC Decision have been paid to the BCSC.
5. THAT, pursuant to section 8 of the Act, RAY be prohibited from becoming or acting as a registrant until the latest of December 9, 2020, the date that RAY completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in paragraphs 6 and 7 of the BCSC Decision have been paid to the BCSC.
6. THAT, pursuant to section 148 of the Act, EDITH cease trading in securities until the latest of December 9, 2016, the date that EDITH completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 10 and 11 of the BCSC Decision have been paid to the BCSC, except that she may trade securities for her own account through a registrant, if she gives the registrant a copy of this order.
7. 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 EDITH until the latest of December 9, 2016, the date that EDITH completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 10 and 11 of the BCSC Decision have been paid to the BCSC, except for those exemptions necessary to enable EDITH to trade in securities for her own account.
8. THAT, pursuant to section 148.3 of the Act, EDITH resign any position she holds as a director or officer of any issuer and be prohibited from becoming or acting as a director or officer of any issuer, other than an issuer all the securities of which are beneficially owned by her or members of her immediate family, until the latest of December 9, 2016, the date that EDITH completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 10 and 11 of the BCSC Decision have been paid to the BCSC.
9. THAT, pursuant to section 8 of the Act, EDITH be prohibited from becoming or acting as a registrant until the latest of December 9, 2016, the date that EDITH completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 10 and 11 of the BCSC Decision have been paid to the BCSC.
10. THAT, pursuant to section 148 of the Act, KELLER cease trading in securities until the latest of December 9, 2016, the date that KELLER completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 14 and 15 of the BCSC Decision have been paid to the BCSC, except that he may trade securities for his own account through a registrant, if he gives the registrant a copy of this order.
11. 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 KELLER until the latest of December 9, 2016, the date that KELLER completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 14 and 15 of the BCSC Decision have been paid to the BCSC, except for those exemptions necessary to enable KELLER to trade in securities for his own account.
12. THAT, pursuant to section 148.3 of the Act, KELLER 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 of any issuer, other than an issuer all the securities of which are beneficially owned by him or members of his immediate family, until the latest of December 9, 2016, the date that KELLER completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 14 and 15 of the BCSC Decision have been paid to the BCSC.
13. THAT, pursuant to section 8 of the Act, KELLER be prohibited from becoming or acting as a registrant until the latest of December 9, 2016, the date that KELLER completes a course of studies satisfactory to the Director concerning duties and responsibilities of directors and officers, and the date upon which the Director receives confirmation that the amounts in subparagraphs 14 and 15 of the BCSC Decision have been paid to the BCSC.
14. THAT, pursuant to subsection 148.4(2) of the Act, in the event of any of the respondents proceeding with an appeal of the BCSC Decision, and the appeal or other related proceedings resulting in a change to, or stay of, any portion of the BCSC Decision now reciprocated by this order as against a respondent, upon the request of said respondent or staff, this order be reviewed by the Commission as to any variation, substitution, revocation, or other order which may be required, if any.
BY ORDER OF THE COMMISSION
Director