Decisions
Ravinder Tulsiani [Reciprocal Order]
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BCSECCOM #:
2011 BCSECCOM 326
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Document Type:
Reciprocal Order
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Published Date:
2011-07-12
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Effective Date:
2011-07-07
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Details:
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2011 BCSECCOM 326
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2011 BCSECCOM 326
Reciprocal Order
Ravinder Tulsiani
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 Ravinder Tulsiani agreed with the Ontario Securities Commission to be subject to sanctions in a settlement agreement the OSC approved on December 21, 2010 in Maple Leaf Investment Fund Corp. and others.
Order
¶ 3 After providing Tulsiani an opportunity to be heard, and considering staff’s submission and considering it to be in the public interest, we order:
1. under section 161(1)(b) of the Act, that Tulsiani cease trading in, and is prohibited from purchasing, securities and exchange contracts until December 21, 2018;
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 Tulsiani until December 21, 2018;
3. under section 161(1)(d)(ii) of the Act, that Tulsiani is prohibited until December 21, 2018, from becoming or acting as a director or officer of any issuer, registrant or investment fund manager; and
4. under section 161(1)(d)(iii) of the Act, that Tulsiani is prohibited until December 21, 2018, from becoming or acting as a registrant, investment fund manager or promoter.
¶ 4 July 7, 2011
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
Don Rowlatt
Commissioner