Decisions
David Campbell, Carlos Da Silva, Tim McCarty, Jacob Moore, Ove Simonsen, Eric O’Brien, Hank Ulfan and Rick Clynes [Reciprocal Order]
BCSECCOM #:
2008 BCSECCOM 405
|
Document Type:
Reciprocal Order
|
Published Date:
2008-07-16
|
Effective Date:
2008-07-15
|
Details:
|
2008 BCSECCOM 405
Click on the Adobe icon to launch the Acrobat Reader
2008 BCSECCOM 405
Reciprocal Order
David Campbell, Carlos Da Silva, Tim McCarty, Jacob Moore,
Ove Simonsen, Eric O’Brien, Hank Ulfan and Rick Clynes
Section 161(1) of the Securities Act, RSBC 1996, c. 418
Introduction
¶ 1 This is an order under sections 161(1) and 161(6)(c) of the Securities Act, RSBC 1996, c.418.
Background
¶ 2 David Campbell, Carlos Da Silva, Tim McCarty, Jacob Moore, Ove Simonsen, Eric O’Brien, Hank Ulfan and Rick Clynes are subject to orders made by the Alberta Securities Commission imposing sanctions on them in a decision rendered December 12, 2007 in Limelight Entertainment Inc., Re, 2007 ABASC 914.
Orders
¶ 3 After providing Campbell an opportunity to be heard, and considering it to be in the public interest, we order:
- 1. under section 161(1)(b) of the Act, that Campbell cease trading in, and is prohibited from purchasing, securities and exchange contracts,
2. under section 161(1)(d)(i) and (ii), that Campbell resign any position Campbell holds as, and is prohibited from becoming or acting as, a director or officer of any issuer, registrant or investment fund manager,
3. under section 161(1)(d)(iii), that Campbell is prohibited from becoming or acting as a registrant, investment fund manager or promoter,
4. under section 161(1)(d)(iv), that Campbell is prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and
5. under section 161(1)(d)(v), that Campbell is prohibited from engaging in investor relations activities,
- until December 12, 2015.
¶ 4 After providing Da Silva an opportunity to be heard, and considering it to be in the public interest, we order:
- 1. under section 161(1)(b) of the Act, that Da Silva cease trading in, and is prohibited from purchasing, securities and exchange contracts,
2. under section 161(1)(d)(i) and (ii), that Da Silva resign any position Da Silva holds as, and is prohibited from becoming or acting as, a director or officer of any issuer, registrant or investment fund manager,
3. under section 161(1)(d)(iii), that Da Silva is prohibited from becoming or acting as a registrant, investment fund manager or promoter,
4. under section 161(1)(d)(iv), that Da Silva is prohibited from acting in a management or consultative capacity in connection with activities in the securities market, and
5. under section 161(1)(d)(v), that Da Silva is prohibited from engaging in investor relations activities,
until December 12, 2017.
¶ 5 After providing McCarty an opportunity to be heard, and considering it to be in the public interest, we order under section 161(1)(b) of the Act, that McCarty cease trading in, and is prohibited from purchasing, securities and exchange contracts, until December 12, 2010.
¶ 6 After providing Moore an opportunity to be heard, and considering it to be in the public interest, we order under section 161(1)(b) of the Act, that Moore cease trading in, and is prohibited from purchasing, securities and exchange contracts, until December 12, 2012.
¶ 7 After providing Simonsen an opportunity to be heard, and considering it to be in the public interest, we order under section 161(1)(b) of the Act, that Simonsen cease trading in, and is prohibited from purchasing, securities and exchange contracts, until December 12, 2012.
¶ 8 After providing O’Brien an opportunity to be heard, and considering it to be in the public interest, we order under section 161(1)(b) of the Act, that O’Brien cease trading in, and is prohibited from purchasing, securities and exchange contracts, until December 12, 2012.
¶ 9 After providing Ulfan an opportunity to be heard, and considering it to be in the public interest, we order under section 161(1)(b) of the Act, that Ulfan cease trading in, and is prohibited from purchasing, securities and exchange contracts, until December 12, 2014.
¶ 10 After providing Clynes an opportunity to be heard, and considering it to be in the public interest, we order under section 161(1)(b) of the Act, that Clynes cease trading in, and is prohibited from purchasing, securities and exchange contracts, until December 12, 2010.
¶ 11 July 15, 2008
¶ 12 For the Commission
- Brent W. Aitken
Vice Chair
Bradley Doney
Commissioner