BCSC

Decisions

Canaco Resources Inc., Andrew Lee Smith, Randy Smallwood, David Parsons, and Brian Lock [Ruling]

BCSECCOM #: 2012 BCSECCOM 418	Document Type: Ruling
Published Date: 2012-11-07	Effective Date: 2012-11-06
Details:

2012 BCSECCOM 418

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2012 BCSECCOM 418

Canaco Resources Inc., Andrew Lee Smith,
Randy Smallwood, David Parsons, and Brian Lock

Section 161 of the Securities Act, RSBC 1996, c. 418

Panel	Brent W. Aitken	Vice Chair
	Kenneth G. Hanna	Commissioner
Date of hearing	July 19, 2012
Date of Ruling	November 6, 2012

Appearing
Hein Poulus Patricia A. A. Taylor	For Canaco Resources Inc. and Andrew Lee Smith
H. Roderick Anderson Owais Ahmed	For Randy Smallwood, David Parsons, and Brian Lock

Jeremy Gellis Ryan Carrier	For the Executive Director

Ruling

Background

¶ 1 On April 24, 2012 the executive director issued a notice of hearing containing allegations against Canaco Resources Inc., Andrew Lee Smith, Randy Smallwood, David Parsons, and Brian Lock.

¶ 2 On June 18 the respondents applied for disclosure of documents not disclosed by the executive director, and in the executive director’s possession or control, relating to his investigation of the allegations in the notice of hearing.

¶ 3 The parties filed written submissions and on July 19 we heard oral submissions.

Order

¶ 4 We order that the executive director, by November 21, 2012, file with the Commission and provide to the respondents, a document that:

1. specifies each document in the executive director’s possession or control relating to the investigation that the executive director has not disclosed, or after the date of this order does not disclose, to the respondents, and

2. describes each document in sufficient detail so that the grounds upon which the executive director has not disclosed it may be assessed.

¶ 5 November 6, 2012

¶ 6 For the Commission

Brent W. Aitken
Vice Chair

Kenneth G. Hanna
Commissioner