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THE SECURITIES ACT |
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Order No. 7366 |
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Sections 148, 19(5), 148.3, and 8 |
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July 6, 2016 |
ROBERT BRUCE RUSH AND BREAKTHROUGH FINANCIAL INC.
WHEREAS:
(A) On February 22, 2016, the British Columbia Securities Commission (“BCSC”) issued a Decision against Robert Bruce Rush and Breakthrough Financial Inc. (“BCSC Decision”);
(B) On April 27, 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 Robert Bruce Rush (“RUSH”) and/or Breakthrough Financial Inc. (“BREAKTHROUGH”);
(C) On July 6, 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, RUSH cease trading in securities permanently.
2. THAT, pursuant to section 148 of the Act, trading in any securities by and of BREAKTHROUGH cease permanently.
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 RUSH permanently.
4. THAT, pursuant to section 148.3 of the Act, RUSH resign any position he holds as and be prohibited from becoming or acting as a director or officer of any issuer.
5. THAT, pursuant to section 8 of the Act, RUSH and BREAKTHROUGH be prohibited from becoming or acting as a registrant permanently.
BY ORDER OF THE COMMISSION
Director