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THE SECURITIES ACT |
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Order No. 7423 |
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Sections 148, 19(5), and 148.3 |
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September 6, 2017 |
SIU MUI “DEBBIE” WONG, SIU KON “BONNIE” SOO,
1300302 ALBERTA INC. AND D & E ARCTIC INVESTMENTS INC.
WHEREAS:
(A) On February 20, 2017, the British Columbia Securities Commission (“BCSC”) issued a decision against Siu Mui “Debbie” Wong, Siu Kon “Bonnie” Soo, 1300302 Alberta Inc. and D & E Arctic Investments Inc. (“BCSC Decision”);
(B) On June 8, 2017, 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 Siu Mui “Debbie” Wong (“WONG”), Siu Kon “Bonnie” Soo (“SOO”), 1300302 Alberta Inc. and/or D & E Arctic Investments Inc.;
(C) On September 6, 2017, 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, WONG cease trading in securities permanently, except that she may trade in securities for her own account through one registered dealer or advisor if she gives that dealer or advisor a copy of this order.
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 WONG permanently, except for those exemptions necessary to allow WONG to trade in securities for her own account as provided for above in this order.
3. THAT, pursuant to section 148.3 of the Act, WONG resign any position she holds as a director or officer of an issuer and be prohibited permanently from becoming or acting as a director or officer of any issuer, except that she may act as a director or officer of an issuer whose securities are solely owned by her or by her and her immediate family members being WONG’s spouse, parent, child, sibling, mother or father-in-law, son or daughter-in-law, or brother or sister-in-law.
4. THAT, pursuant to section 148 of the Act, SOO cease trading in securities permanently, except that she may trade in securities for her own account through one registered dealer or advisor if she gives that dealer or advisor a copy of this order.
5. 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 SOO permanently, except for those exemptions necessary to allow SOO to trade in securities for her own account as provided for above in this order.
6. THAT, pursuant to section 148.3 of the Act, SOO resign any position she holds as a director or officer of an issuer and be prohibited permanently from becoming or acting as a director or officer of any issuer, except that she may act as a director or officer of an issuer whose securities are solely owned by her or by her and her immediate family members being SOO’s spouse, parent, child, sibling, mother or father-in-law, son or daughter-in-law, or brother or sister-in-law.
7. THAT, pursuant to section 148 of the Act, 1300302 Alberta Inc. cease trading in securities permanently.
8. 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 1300302 Alberta Inc. permanently.
9. THAT, pursuant to section 148 of the Act, D & E Arctic Investments Inc. cease trading in securities permanently.
10. 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 D & E Arctic Investments Inc. permanently.
BY ORDER OF THE COMMISSION
Director