Decisions
Michael Cody and Donald Nason [Reciprocal Order]
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BCSECCOM #:
2010 BCSECCOM 63
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Document Type:
Reciprocal Order
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Published Date:
2010-02-03
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Effective Date:
2010-01-25
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Details:
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2010 BCSECCOM 63
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2010 BCSECCOM 63
Reciprocal Order
Michael Cody and Donald Nason
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 Michael Cody and Donald Nason are subject to orders made by the New Brunswick Securities Commission imposing sanctions on them in an order rendered April 3, 2009 In the matter of Locate Technologies Inc., Tubtron Controls Corp., Bradley Corporate Services Ltd., 706166 Alberta Ltd., Lorne Drever, Harry Niles, Michael Cody and Donald Nason.
Order
¶ 3 After providing Cody 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 Cody cease trading in, and is prohibited from purchasing, securities and exchange contracts permanently, except that Cody may trade and purchase securities through accounts in his name at a registered dealer, and
2. under section 161(1)(d)(i) and (ii) of the Act, that Cody resign any position he holds as, and is permanently prohibited from becoming or acting as, a director or officer of any issuer.
¶ 4 After providing Nason 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 Nason cease trading in, and is prohibited from purchasing, securities and exchange contracts permanently, except that Nason may trade and purchase securities through accounts in his name at a registered dealer, and
2. under section 161(1)(d)(i) and (ii) of the Act, that Nason resign any position
¶ 5 January 25, 2010
¶ 6 For the Commission
- Brent W. Aitken
Vice Chair
Bradley Doney
Commissioner