Settlements
RAB Energy Corp. (I) Limited, Johnathan Lam Wai Tsang and Selena Ching Wan Tsang [Variation Order]
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BCSECCOM #:
2009 BCSECCOM 762
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Document Type:
Variation Order
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Published Date:
2009-12-22
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Effective Date:
2009-12-22
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Details:
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2009 BCSECCOM 762
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2009 BCSECCOM 762
Variation Order
RAB Energy Corp. (I) Limited,
Johnathan Lam Wai Tsang and Selena Ching Wan Tsang
Section 171 of the Securities Act, RSBC 1996, c. 418
Introduction
¶ 1 Johnathan Lam Wai Tsang (Johnathan Tsang) and Selena Ching Wan Tsang (Selena Tsang) have applied under section 171 of the Securities Act, RSBC 1996, c. 418 to vary the Order issued against them and RAB Energy Corp. (I) Limited (RAB) by the Executive Director on November 3, 2004, pursuant to a Settlement Agreement.
¶ 2 Johnathan Tsang and Selena Tsang have requested that the Order be varied to allow each of them to trade in securities through one account.
Order
¶ 3 The Executive Director, considering that it would not be prejudicial to the public interest, varies the Order under section 171 as follows:
1. under section 161(1)(b) of the Act, RAB permanently cease trading in securities;
2. under section 161(1)(b) of the Act, Johnathan Tsang and Selena Tsang each cease trading in securities, until the later of:
(a) seven years from the date of the original Order of November 3, 2004; and
(b) the date that he or she, as the case may be, successfully completes a course of study satisfactory to the Executive Director concerning the duties and responsibilities of directors and officers;
- except that he or she may each trade and purchase securities in one account in his or her own name through a registered representative if he or she provides a copy of this Order to the registered representative before any trades take place;
3. under section 161(1)(d) of the Act, Johnathan Tsang and Selena Tsang each resign any position they may hold, and are prohibited from acting as a director or officer of any issuer, and from engaging in investor relations activities on behalf of any issuer, until the later of:
(a) seven years from the date of the original Order of November 3, 2004; and
(b) the date that he or she, as the case may be, successfully completes a course of study satisfactory to the Executive Director concerning the duties and responsibilities of directors and officers.
Martin Eady
¶ 5 Martin Eady
Acting Executive Director