TORONTO, June 21, 2013 /CNW/ - Following the hearing on the merits in the above noted matter, the Commission issued its Reasons and Decision.
The Commission also issued an Order which provides that (1) Staff shall file and serve written submissions on sanctions and costs by July 10, 2013; (2) the Respondents shall file and serve written submissions on sanctions and costs by July 31, 2013; (3) Staff shall file and serve written reply submissions on sanctions and costs by August 14, 2013; (4) the hearing to determine sanctions and costs will be held at the offices of the Commission at 20 Queen Street West, 17th floor, Toronto, on September 4, 2013, at 10:00 a.m., or such further or other dates as agreed by the parties and set by the Office of the Secretary; and (5) upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party, and such party is not entitled to any further notice of the proceeding.
A copy of the Reasons and Decision and the Order dated June 20, 2013 are available at www.osc.gov.on.ca
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SOURCE Ontario Securities Commission