THC MANIT0■A !IC:C:UAITIC■ THE MORTGAGE BROKERS ACT ) Order No. 2789 COMMl■a,aN ) Section 11(1) ) September 9, 2020 KAMALDEEP GREWAL WHEREAS: (A) On November 5, 2019, The Manitoba Securities Commission (the "Commission") issued a notice of hearing (the "Notice of Hearing") of staff for a hearing (the "Hearing") under subsection 5(1) of The Mortgage Brokers Act (the "MBA") to consider, inter alia, whether or not it is in the public interest to order pursuant to subsection 5(1) of the MBA that the registration of Kamaldeep Grewal ("GREWAL") as a salesperson under the MBA be suspended or cancelled. (B) Staff of the Commission and GREWAL entered into a Settlement Agreement (a copy of which is attached as Schedule "A") dated September 8, 2020 ("Settlement Agreement"), which proposed settlement of this hearing matter, subject to the approval of the Commission; (C) GREWAL has consented to the issuance of this Order and has waived his right to a full hearing; (D) On September 9, 2020, 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: 1. THAT the Settlement Agreement, Schedule "A", is hereby approved. 2. THAT a one month suspension of registration pursuant to section 5(1) of the MBA begin November 30, 2020, with the final day of the suspension to be December 29, 2020. 3. THAT Grewal will pay to the Commission costs in the amount of Three Thousand Five Hundred ($3,500.00) Dollars on or before December 29, 2020. Payment of this amount is a condition of registration. \ecuritics Dh hion S00-41111 'It. \IJI'\ -\\l'll\lC, \\'111ntpt-J;. \IH lt3( 41\S • I ·I: 204.'14S.2.'i➔K • l,l\: 20-!.Q45.ll.i ill• mbsl'lUriticu:J A OIVl■ IDN OF" THC MANIT0■A r1NANCIAL,. !ILN¥1CC:9 ADCNCY
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