Decisions
Matthew Scott Sinclair [Reciprocal Order]
BCSECCOM #:
2010 BCSECCOM 66
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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 66
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2010 BCSECCOM 66
Reciprocal Order
Matthew Scott Sinclair
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 Matthew Scott Sinclair has agreed with the Ontario Securities Commission to be subject to sanctions in a settlement agreement dated April 2, 2009In the matter of Matthew Scott Sinclair.
Order
¶ 3 After providing Sinclair 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 Sinclair cease trading in, and is prohibited from purchasing, securities and exchange contracts until April 3, 2019, except that Sinclair may trade and purchase securities through accounts in his name at a registered dealer,
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 Sinclair until April 3, 2019, except for those exemptions necessary to enable Sinclair to trade and purchase securities as permitted in this order,
3. under section 161(1)(d)(i) and (ii) of the Act, that Sinclair resign any position he holds as, and is prohibited from becoming or acting as, a director or officer of a reporting issuer until the later of April 3, 2019, and the date he completes a course acceptable to staff of the Ontario Securities Commission regarding the duties of a director and officer of a reporting issuer,
4. under section 161(1)(d)(i) and (ii) of the Act, that Sinclair resign any position he holds as, and is permanently prohibited, from becoming or acting as, a director or officer of a registrant, and
5. under section 161(1)(d)(iii) of the Act, that Sinclair is permanently prohibited
from becoming or acting as a registrant, investment fund manager or promoter.
¶ 4 January 25, 2010
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
David J. Smith
Commissioner