Decisions

Ron Cadman and Travis Cadman [Reciprocal Order]

BCSECCOM #:
2008 BCSECCOM 554
Document Type:
Reciprocal Order
Published Date:
2008-10-23
Effective Date:
2008-10-22
Details:

2008 BCSECCOM 554

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 2008 BCSECCOM 554



Reciprocal Order

Ron Cadman and Travis Cadman

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 Ron Cadman and Travis Cadman have agreed with the Alberta Securities Commission to be subject to sanctions in a settlement agreement dated July 22, 2008 in Keystone Real Estate Investment Corp., 2008 ABASC 452.
      Order
¶ 3 After providing Ron Cadman an opportunity to be heard, and considering staff’s and Ron Cadman’s submissions, and considering it to be in the public interest, we order:
      1. under section 161(1)(d)(i) and (ii), that Ron Cadman resign any position he holds as, and is prohibited from becoming or acting as, a director or officer of any issuer, registrant or investment fund manager,

      2. under section 161(1)(d)(iii), that Ron Cadman is prohibited from becoming or acting as a registrant, investment fund manager or promoter,

      3. under section 161(1)(d)(iv), that Ron Cadman is prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and

      4. under section 161(1)(d)(v), that Ron Cadman is prohibited from engaging in investor relations activities,

      until July 22, 2010;

¶ 4 After providing Travis Cadman an opportunity to be heard, and considering staff’s and Travis Cadman’s submissions, and considering it to be in the public interest, we order:
      1. under section 161(1)(d)(i) and (ii), that Travis Cadman resign any position he holds as, and is prohibited from becoming or acting as, a director or officer of any issuer, registrant or investment fund manager,

      2. under section 161(1)(d)(iii), that Travis Cadman is prohibited from becoming or acting as a registrant, investment fund manager or promoter,

      3. under section 161(1)(d)(iv), that Travis Cadman is prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and

      4. under section 161(1)(d)(v), that Travis Cadman is prohibited from engaging in investor relations activities,

      until July 22, 2010.

¶ 5 October 22, 2008

¶ 6 For the Commission




      Brent W. Aitken
      Vice Chair





      Kenneth G. Hanna
      Commissioner