Decisions
Stafford Kelley [Reciprocal Order]
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BCSECCOM #:
2010 BCSECCOM 74
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Document Type:
Reciprocal Order
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Published Date:
2010-02-05
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Effective Date:
2010-02-04
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Details:
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2010 BCSECCOM 74
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2010 BCSECCOM 74
Reciprocal Order
Stafford Kelley
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 Stafford Kelley has agreed with the Ontario Securities Commission to be subject to sanctions in a settlement agreement approved by the OSC on May 13, 2008 In the matter of Stafford Kelley.
Order
¶ 3 After providing Kelley an opportunity to be heard, and considering staff’s and Kelley’s submissions, and considering it to be in the public interest, we order:
1. under section 161(1)(b) of the Act, that Kelley cease trading in, and is prohibited from purchasing securities and exchange contracts until May 13, 2013, except that Kelley may trade and purchase securities in accordance with the terms of the OSC order, and
2. under section 161(1)(d)(i) and (ii) of the Act, that Kelley resign any position he holds as, and is prohibited until May 13, 2018, from becoming or acting as, a director or officer of a reporting issuer or registrant.
¶ 4 February 4, 2010
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
Shelley C. Williams
Commissioner