Decisions
Arthur Wigmore [Reciprocal Order]
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BCSECCOM #:
2010 BCSECCOM 275
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Document Type:
Reciprocal Order
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Published Date:
2010-05-18
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Effective Date:
2010-05-14
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Details:
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2010 BCSECCOM 275
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2010 BCSECCOM 275
Reciprocal Order
Arthur Wigmore
Section 161(1) of the Securities Act, RSBC 1996, c. 418
Arthur Wigmore
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 Arthur Wigmore has agreed with the Alberta Securities Commission to be subject to sanctions in a settlement agreement approved by the ASC on December 31, 2009 in Wigmore, Re, 2009 ABASC 642.
Order
¶ 3 After providing Wigmore an opportunity to be heard, and considering staff’s and Wigmore’s submissions, and considering it to be in the public interest, we order:
1. under section 161(1)(b) of the Act, that Wigmore cease trading in, and is prohibited from purchasing, securities and exchange contracts permanently, except that Wigmore may trade and purchase securities in accordance with the terms of the ASC settlement agreement,
2. section 161(1)(c) of the Act, that any or all of the exemptions set out in the regulations do not apply to Wigmore permanently, and
3. under section 161(1)(d)(i) and (ii) of the Act, that Wigmore resign any position he holds as, and is prohibited permanently from becoming or acting as, a director or officer of any issuer.
¶ 4 May 14, 2010
¶ 5 For the Commission
Brent W. Aitken
Vice Chair
Don Rowlatt
Commissioner