Decisions

Timothy Kwan [Reciprocal Order]

BCSECCOM #:
2011 BCSECCOM 322
Document Type:
Reciprocal Order
Published Date:
2011-07-12
Effective Date:
2011-07-07
Details:

2011 BCSECCOM 322

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2011 BCSECCOM 322




Reciprocal Order

Timothy Kwan

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 Timothy Kwan agreed with the Alberta Securities Commission to be subject to sanctions in a settlement agreement the ASC approved on March 15, 2011 in Kwan, Re, 2011 ABASC 134.

      Order
¶ 3 After providing Kwan an opportunity to be heard and considering staff’s submission, and considering it to be in the public interest, we order, under section 161(1)(b) of the Act, that Kwan cease trading in, and is prohibited from purchasing, securities and exchange contracts, until March 15, 2014, except that Kwan may trade and purchase securities in accordance with the terms of the ASC settlement agreement.

¶ 4 July 7, 2011

¶ 5 For the Commission




Brent W. Aitken
Vice Chair




Don Rowlatt
Commissioner

 

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