2009 BCSECCOM 386

Introduction

Background

Order

1. under section 161(1)(b) of the Act, that Broers cease trading in, and is prohibited from purchasing, securities and exchange contracts until January 16, 2019, except that Broers may trade and purchase securities through accounts in his name at a registered dealer,

2. under section 161(1)(c) of the Act, that the exemptions described in sections 44 to 47, 74, 75, 98 and 99 do not apply to Broers until January 16, 2019, except for those exemptions necessary to enable Broers to trade and purchase securities as permitted in this order,

3. under section 161(1)(d)(i) and (ii) of the Act, that Broers resign any position he holds as, and is prohibited until January 16, 2019, from becoming or acting as, a director or officer of any issuer, registrant or investment fund manager, except for those exemptions necessary to enable Broers:

(a) to continue to act as a director or officer of Pinnacle and Gecko solely for the purpose of conducting any legal proceedings on behalf of those two issuers, including any lawsuit, liquidation, dissolution or filing in bankruptcy; or

(b) becoming or acting as an officer or director of an issuer all the securities of which Broers and his family own beneficially,

4. under section 161(1)(d)(iii) of the Act, that Broers is prohibited until January 16, 2019, from becoming or acting as a registrant, investment fund manager or promoter,

5. under section 161(1)(d)(iv) of the Act, that Broers is prohibited until January 16, 2019, from acting in a management or consultative capacity in connection with activities in the securities market, and

6. under section 161(1(d)(v) of the Act, that Broers is prohibited until January 16, 2019, from engaging in investor relations activities.

Brent W. Aitken
Vice Chair




Bradley Doney
Commissioner