Decisions
Mark Aaron McLeary, Timothy John McLeary, Robert Hainey, Jerry Williams and Erik John Benson [Ruling]
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BCSECCOM #:
2012 BCSECCOM 210
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Document Type:
Ruling
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Published Date:
2012-06-05
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Effective Date:
2012-06-04
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Details:
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2012 BCSECCOM 210
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2012 BCSECCOM 210
Mark Aaron McLeary, Timothy John McLeary,
Robert Hainey, Jerry Williams and Erik John Benson
Section 161 of the Securities Act, RSBC 1996, c. 418
Ruling
Robert Hainey, Jerry Williams and Erik John Benson
Section 161 of the Securities Act, RSBC 1996, c. 418
Ruling
Background
¶ 2 On May 23, 2012, the executive director entered into a settlement agreement with one of the respondents, Malkeet Singh Bains (Bains), and issued a notice of discontinuance against Bains.
¶ 3 On May 24, 2012, the executive director issued a Further Amended Notice of Hearing. The executive director also informed the respondents that Bains would testify at the hearing.
¶ 4 On June 4, 2012, the respondent Mark McLeary applied for disclosure of documents in the executive director’s possession relating to the settlement with Bains (the Bains Settlement). The respondents Hainey and Williams do not intend to attend the hearing in person.
Order
¶ 6 Disclosure of the Settlement Material will be subject to the following conditions:
1. Mark McLeary, Timothy McLeary and Erik Benson
- (a) can use the Settlement Material only for the purpose of responding to the allegations in the Further Amended Notice of Hearing, in a proceeding before the Commission, and for no other purpose;
(b) will not disclose the Settlement Material to any other person, except their legal counsel;
(c) will return all copies of the Settlement Materials to counsel for the executive director or confirm that they have been destroyed, after the Commission proceeding and all related appeals are concluded.
¶ 7 June 4, 2012
Bradley Doney
Commissioner
Don Rowlatt
Commissioner
Suzanne K. Wiltshire
Commission