Decisions
Connor Financial Corperation, et. al [Variation Order]
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BCSECCOM #:
2007 BCSECCOM 173
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Document Type:
Variation Order
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Published Date:
2007-04-12
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Effective Date:
2007-04-11
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Details:
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2007 BCSECCOM 173
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2007 BCSECCOM 173
COR #07/028
Variation Order
Connor Financial Corporation and Joel Gerrett Connor
Section 171 of the Securities Act, RSBC 1996, c.418
Background
1. On August 10, 2005, the British Columbia Securities Commission made an order under section 165(3) of the Securities Act, RSBC 1996, c.418 to confirm the conditions on the registrations of Joel Gerrett Connor (Connor) and Connor Financial Corporation (CFC) that prohibit Connor and CFC from further lending to CFC’s clients, either directly or indirectly. The conditions remain in effect until CFC became a member of the Mutual Fund Dealers Association of Canada.
2. CFC is not a member of the Mutual Fund Dealers Association of Canada.
3. Connor wishes to make loans from time to time to family members who may be clients of CFC. The loans would be payable on demand and carry a preferred rate of interest.
¶ 2 Order
The Commission varies the order under section 171 of the Act to permit Connor to make loans from time to time to his mother, his children, his siblings, and the children of his siblings.
¶ 3 April 11, 2007
Douglas M. Hyndman
Chair