Decisions
Brian H. Crombie [Reciprocal Order]
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BCSECCOM #:
2009 BCSECCOM 474
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Document Type:
Reciprocal Order
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Published Date:
2009-08-28
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Effective Date:
2009-08-28
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Details:
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2009 BCSECCOM 474
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2009 BCSECCOM 474
Reciprocal Order
Brian H. Crombie
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 Brian H. Crombie has agreed with the Ontario Securities Commission to be subject to sanctions in a settlement agreement dated February 12, 2009 In the matter of Biovail Corporation, Eugene N. Melnyk, Brian H. Crombie, John R. Miszuk and Kenneth G. Howling.
Order
¶ 3 After providing Crombie an opportunity to be heard, and considering staff’s and Crombie’s submissions, and relying on Crombie’s submission that “there is no evidence of any current or prospective activity by Mr. Crombie in the British Columbia capital markets”, and considering it to be in the public interest, we order under section 161(1)(d)(ii) of the Act, that Crombie is prohibited until February 12, 2017, from becoming or acting as a director or officer of any reporting issuer.
¶ 4 August 28, 2009
¶ 5 For the Commission
- Brent W. Aitken
Vice Chair
David J. Smith
Commissioner