Settlements
Mark Edward Valentine [Sec. 161 & Consent]
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BCSECCOM #:
2005 BCSECCOM 145, 2005 BCSECCOM 147
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Document Type:
Sec. 161 & Consent
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Published Date:
2005-03-09
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Effective Date:
2005-03-07
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Details:
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2005 BCSECCOM 145
2005 BCSECCOM 147
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2005 BCSECCOM 145
Order
Mark Edward Valentine
Section 161 of the Securities Act, RSBC 1996, c.418
Mark Edward Valentine
Section 161 of the Securities Act, RSBC 1996, c.418
Background
¶ 1 On December 23, 2004, the Ontario Securities Commission approved a settlement with Mark Edward Valentine and made orders against him.
¶ 2 In section 59 of the settlement, Valentine undertakes to consent to the British Columbia Securities Commission making orders containing the prohibitions in paragraphs (b), (c) and (d) of the Ontario Securities Commission orders, modified to reflect British Columbia securities laws.
The order
¶ 3 The Executive Director considers it to be in the public interest and orders under section 161(1) of the Securities Act, RSBC 1996, c. 418, with Valentine’s consent, that the exemptions contained in the Securities Act do not apply to Valentine and Valentine must cease trading in securities until December 23, 2019, with the exception that after December 22, 2009, Valentine may trade in the securities specified below through an account held solely in his name if:
1. the securities are securities referred to in clause 1 of subsection 35(2) of the Ontario Securities Act, R.S.O. 1990, chapter S.5, as amended, or
2. in the case of securities other than those referred to in paragraph 3, item 1 above:
(a) the securities are listed and posted for trading on The Toronto Stock Exchange or the New York Stock Exchange (or their successor exchanges); and
(b) Valentine does not own directly, or indirectly through another person or company or through any person or company acting on his behalf, more than one (1) percent of the outstanding securities of the class or series of the class in question;
3. Valentine shall resign all positions that he holds as director or officer of an issuer;
4. Valentine is permanently prohibited from becoming or acting as a director or officer of any issuer.
¶ 4 March 7, 2005
“Brenda Leong”
¶ 5 Brenda M. Leong
Executive Director
2005 BCSECCOM 147
Consent to an Order
Mark Edward Valentine
Section 161 of the Securities Act, RSBC 1996, c.418
Mark Edward Valentine
Section 161 of the Securities Act, RSBC 1996, c.418
Background
¶ 1 On December 23, 2004, the Ontario Securities Commission approved a settlement with Mark Edward Valentine and made orders against him.
¶ 2 In section 59 of the settlement, Valentine undertakes to consent to the British Columbia Securities Commission making orders containing the prohibitions in paragraphs (b), (c) and (d) of the Ontario Securities Commission orders, modified to reflect British Columbia securities laws.
Consent
¶ 3 In accordance with section 59 of the settlement, Mark Edward Valentine consents to the attached order.
¶ 4 February 28, 2005
“Jane E. Kelly” )
¶ 5 Jane Kelly, Counsel for Mark Edward Valentine
“Patricia Tomasio” )
Witness )
Patricia Tomasio )
Name (Please print) )
144 King St. East )
Address )
Toronto, Ontario )
)
Legal Assistant )
Occupation )