Decisions
Wytze Kingma [ Reciprocal Order]
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BCSECCOM #:
2010 BCSECCOM 285
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Document Type:
Reciprocal Order
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Published Date:
2010-05-18
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Effective Date:
2010-05-14
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Details:
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2010 BCSECCOM 285
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2010 BCSECCOM 285
Reciprocal Order
Wytze Kingma
Section 161(1) of the Securities Act, RSBC 1996, c. 418
Wytze Kingma
Section 161(1) of the Securities Act, RSBC 1996, c. 418
Introduction
¶ 1 This is an order under sections 161(1) and 161(6)(d) of the Securities Act, RSBC 1996, c.418.
Background
¶ 2 Wytze Kingma has agreed with the Alberta Securities Commission to be subject to sanctions in a settlement agreement approved by the ASC on October 9, 2009 in Kingma, Re, 2009 ABASC 555.
Order
¶ 3 After providing Kingma an opportunity to be heard, and considering staff’s submissions, and considering it to be in the public interest, we order:
1. under section 161(1)(b) of the Act, that Kingma cease trading in, and is prohibited from purchasing, securities and exchange contracts until October 9, 2013, except that Kingma may trade and purchase securities in accordance with the terms of the ASC settlement agreement, and
2. under section 161(1)(c) of the Act, that any or all of the exemptions set out in the regulations do not apply to Kingma until October 9, 2013.
¶ 4 May 14, 2010
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
David J. Smith
Commissioner