Orders and Exemptions

WHEREAS:

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(A)      On November 17, 2025, the Manitoba Securities Commission (“Commission”) issued a Notice of Hearing (“NOH”) and Statement of Allegations (“SOA”) naming Bret Allan Dobbin (“DOBBIN”) and giving notice of its intention to hold a hearing under The Securities Act (“SA”) and The Mortgage Brokers Act (“MBA”) on December 3, 2025, as against DOBBIN, for the Commission to consider whether or not an order should be made;

(B)      On November 28, 2025, Staff of the Commission and the Respondent entered into a Settlement Agreement (the “Settlement Agreement”), which is subject to the approval of the Commission. A copy of the Settlement Agreement is attached as Schedule A;

(C)      DOBBIN has consented to the issuance of this Order and has waived his right to a full hearing;

(D)      On December 3, 2025, the Commission held a hearing (“Settlement Hearing”) to consider whether or not to approve the Settlement Agreement;

(E)      At the Settlement Hearing, the Commission approved the Settlement Agreement and the Commission is of the opinion that it is in the public interest to make this Order.

IT IS ORDERED THAT:

1.         The Settlement Agreement as set out in Schedule “A” (the “Settlement Agreement”) is hereby approved.

2.         Pursuant to subsection 19(5) of the SA, that:

(i)        subsection 19(1) of the SA does not, with respect to such trades referred to in that section, apply to DOBBIN permanently;

(ii)       subsection 19(2) of the SA does not, with respect to such of the securities referred in that section, apply to DOBBIN permanently;

3.         Pursuant to subsection 148.3(1) of the SA, that DOBBIN resign any position he may hold as a director or officer of any issuer and that he be prohibited from becoming or acting as a director or officer of any issuer; and

4.         Pursuant to subsection 3(5) of the MBA, that any or all of the exemptions described in subsection 3(1) of the MBA do not apply to DOBBIN permanently.

SCHEDULE “A”