Decisions
Andrew Stuart Netherwood Rankin [Reciprocal Order]
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BCSECCOM #:
2011 BCSECCOM 162
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Document Type:
Reciprocal Order
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Published Date:
2011-04-08
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Effective Date:
2011-04-05
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Details:
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2011 BCSECCOM 162
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2011 BCSECCOM 162
Reciprocal Order
Andrew Stuart Netherwood Rankin
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 Andrews Stuart Netherwood Rankin agreed with the Ontario Securities Commission to be subject to sanctions in a settlement agreement the OSC approved on February 19, 2008 in Rankin, Re.
Order
¶ 3 After providing Rankin 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 Rankin cease trading in, and is prohibited from purchasing, securities and exchange contracts, until February 19, 2018, except that Rankin may trade and purchase securities in accordance with the terms of the OSC settlement agreement;
2. under section 161(1)(d)(i) and (ii) of the Act, that Rankin resign any position he holds as, and is permanently prohibited from becoming or acting as, a director or officer of any reporting issuer, registrant or investment fund manager; and
3. under section 161(1)(d)(iii) of the Act, that Rankin is permanently prohibited from becoming or acting as a registrant or investment fund manager.
¶ 4 April 5, 2011
¶ 5 For the Commission
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| Brent W. Aitken Vice Chair | Kenneth G. Hanna Commissioner |