Decisions

Mark Adrian Jones, Michael Edward Lepitre and Leonard Jonathan Zielke [Reciprocal Order]

BCSECCOM #:
2011 BCSECCOM 35
Document Type:
Reciprocal Order
Published Date:
2011-01-24
Effective Date:
2011-01-20
Details:

2011 BCSECCOM 35

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2011 BCSECCOM 35


Reciprocal Order

Mark Adrian Jones, Michael Edward Lepitre and Leonard Jonathan Zielke

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 Mark Adrian Jones, Michael Edward Lepitre and Leonard Jonathan Zielke are subjectto an order made by the Alberta Securities Commission imposing sanctions on them in a decision rendered August 26, 2010 in Kustom Design Financial Services Inc., Re, 2010 ABASC 415.

Orders
¶ 3 After providing Mark Adrian Jones an opportunity to be heard, and considering staff’s and Jones’ submissions, and considering it to be in the public interest, we order:
    1. under section 161(1)(b) of the Act, that Jones cease trading in, and is prohibited from purchasing, securities and exchange contracts until September 1, 2020, except that Jones may trade and purchase securities in accordance with the terms of the ASC decision,

    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 Jones until September 1, 2020,

    3. under section 161(1)(d)(i) and (ii) of the Act, that Jones resign any position he holds as, and is prohibited until September 1, 2020, from becoming or acting as, a director or officer of any issuer, and

    4. under section 161(1)(d)(iv) of the Act, that Jones is prohibited until September 1, 2020, from acting in a management or consultative capacity in connection with activities in the securities market.

¶ 4 After providing Michael Edward Lepitre an opportunity to be heard, and considering staff’s and Lepitre’s submissions, and considering it to be in the public interest, we order:

    1. under section 161(1)(b) of the Act, that Lepitre cease trading in, and is prohibited from purchasing, securities and exchange contracts until September 1, 2030, except that Lepitre may trade and purchase securities in accordance with the terms of the ASC decision,

    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 Lepitre until September 1, 2030,

    3. under section 161(1)(d)(i) and (ii) of the Act, that Lepitre resign any position he holds as, and is prohibited until September 1, 2030, from becoming or acting as, a director or officer of any issuer, and
    4. under section 161(1)(d)(iv) of the Act, that Lepitre is prohibited until September 1, 2030, from acting in a management or consultative capacity in connection with activities in the securities market.

¶ 5 After providing Leonard Jonathan Zielke 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 Zielke cease trading in, and is prohibited from purchasing, securities and exchange contracts until September 1, 2020, except that Zielke may trade and purchase securities in accordance with the terms of the ASC decision,
    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 Zielke until September 1, 2020,
    3. under section 161(1)(d)(i) and (ii) of the Act, that Zielke resign any position he holds as, and is prohibited until September 1, 2020, from becoming or acting as, a director or officer of any issuer, and
    4. under section 161(1)(d)(iv) of the Act, that Zielke is prohibited until September 1, 2020, from acting in a management or consultative capacity in connection with activities in the securities market.

¶ 6 January 20, 2011


¶ 7 For the Commission

Brent W. Aitken
Vice Chair
Don Rowlatt
Commissioner