TORONTO, May 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 serve and file written submissions on sanctions and costs by 4:00 p.m. on June 7, 2013; (2) The Respondents shall serve and file responding written submissions on sanctions and costs by 4:00 p.m. on June 21, 2013; (3) Staff shall serve and file reply written submissions on sanctions and costs (if any) by 4:00 p.m. on June 28, 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, on July 11, 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 May 17, 2013 are available at www.osc.gov.on.ca
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SOURCE Ontario Securities Commission