Decisions
John Illidge [Reciprocal Order]
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BCSECCOM #:
2010 BCSECCOM 260
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Document Type:
Reciprocal Order
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Published Date:
2010-05-18
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Effective Date:
2010-05-14
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Details:
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2010 BCSECCOM 260
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2010 BCSECCOM 260
Reciprocal Order
John Illidge
Section 161(1) of the Securities Act, RSBC 1996, c. 418
John Illidge
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 John Illidge has agreed with the Ontario Securities Commission to be subject to sanctions in a settlement agreement approved by the OSC on May 16, 2008 In the matter of John Illidge.
Order
¶ 3 After providing Illidge an opportunity to be heard, and considering staff’s submissions and considering it to be in the public interest, we order:
- 1. under section 161(1)(b) of the Act, that Illidge cease trading in, and is prohibited from purchasing, securities and exchange contracts permanently,
2. under section 161(1)(c) of the Act, that any or all of the exemptions set out in the regulations do not apply to Illidge permanently, and
3. under section 161(1)(d)(i) and (ii) of the Act, that Illidge resign any position he holds as, and is prohibited from becoming or acting as, a director or officer of any issuer or registrant permanently.
¶ 4 May 14, 2010
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
David J. Smith
Commissioner