Decisions
Theodor Hennig and Peter Jay Workum [Reciprocal Order]
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BCSECCOM #:
2011 BCSECCOM 163
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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 163
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2011 BCSECCOM 163
Reciprocal Order
Theodor Hennig and Peter Jay (or J.) Workum
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 Theodor Hennig and Peter Jay Workum are subject to orders made by the Alberta Securities Commission on December 18, 2008 in Workum and Hennig, Re, 2008 ABASC 719imposing sanctions on them.
Order
¶ 3 After providing Hennig and Workum an opportunity to be heard, and considering staff’s submissions and considering it to be in the public interest, we order:
- Theodor Hennig
1. under section 161(1)(b) of the Act, that Hennig cease trading in, and is prohibited from purchasing, securities and exchange contracts until December 18, 2028;
2. under section 161(1)(c) of the Act, that all of the exemptions set out in the regulations do not apply to Hennig until December 18, 2028;
3. under section 161(1)(d)(i) and (ii) of the Act, that Hennig resign any position he holds as, and is prohibited permanently from becoming or acting as, a director or officer any issuer;
Peter Jay Workum
4. under section 161(1)(b) of the Act, that Workum cease trading in, and is permanently prohibited from purchasing, securities and exchange contracts;
5. under section 161(1)(c) of the Act, that all of the exemptions set out in the regulations do not apply to Workum permanently; and
6. under section 161(1)(d)(i) and (ii) of the Act, that Workum resign any position he holds as, and is permanently prohibited from becoming or acting as, a director or officer of any issuer.
¶ 4 April 5, 2011
¶ 5 For the Commission
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| Brent W. Aitken Vice Chair | Kenneth G. Hanna Commissioner |