Decisions

Betty Leung [Reciprocal Order]

BCSECCOM #:
2008 BCSECCOM 483
Document Type:
Reciprocal Order
Published Date:
2008-09-03
Effective Date:
2008-08-29
Details:

2008 BCSECCOM 483

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2008 BCSECCOM 483.pdf
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2008 BCSECCOM 483


Reciprocal Order

Betty Leung

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 Betty Leung is subject to an order made by the Ontario Securities Commission imposing sanctions on her in a decision rendered June 25, 2008.
      Order
¶ 3 After providing Leung 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 Leung cease trading in, and is prohibited from purchasing, securities and exchange contracts, except that Leung may trade and purchase mutual fund securities through accounts in her name at a registered dealer,

      2. under section 161(1)(d)(i) and (ii), that Leung resign any position she 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 Leung is prohibited from becoming or acting as a registrant, investment fund manager or promoter,

      4. under section 161(1)(d)(iv), that Leung 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 Leung is prohibited from engaging in investor relations activities,

      permanently.

¶ 4 August 29, 2008


¶ 5 For the Commission



      Brent W. Aitken
      Vice Chair




      Don Rowlatt
      Commissioner