Decisions

Petar Vucicevich, Steven Sulja, Pranab Shah, Tracey Banumas and Sam Sulja [Reciprocal Order]

BCSECCOM #:
2014 BCSECCOM 32
Document Type:
Reciprocal Order
Published Date:
2014-01-30
Effective Date:
2014-01-22
Details:

2014 BCSECCOM 32

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Reciprocal Order

Petar Vucicevich, Steven Sulja, Pranab Shah, Tracey Banumas
and Sam Sulja

Section 161 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 Petar Vucicevich, Steven Sulja, Pranab Shah, Tracey Banumas and Sam Sulja are subject to orders made by the Ontario Securities Commission on June 29, 2011, in Sulja Bros. Building Supplies Ltd. and others.
      Order
¶ 3 After providing Vucicevich, Steven Sulja, Shah, Banumas and Sam Sulja an opportunity to be heard and considering staff’s submission, and considering it to be in the public interest, we order:
      Vucicevich
      1. under section 161(1)(b) of the Act, that Vucicevich cease trading in, and is prohibited from purchasing securities permanently;

      2. under section 161(1)(c) of the Act, that all of the exemptions set out in the regulations do not apply to Vucicevich permanently;

      3. under section 161(1)(d)(i) and (ii) of the Act, that Vucicevich resign any position he holds as, and is permanently prohibited from becoming or acting as, a director or officer of any issuer or registrant;
      Steven Sulja and Sam Sulja
      4. under section 161(1)(b) of the Act, that Steven and Sam Sulja cease trading in, and are prohibited from purchasing securities until June 29, 2026;

      5. under section 161(1)(c) of the Act, that all of the exemptions set out in the regulations do not apply to Steven and Sam Sulja until June 29, 2026;

      6. under section 161(1)(d)(i) and (ii) of the Act, that Steven and Sam Sulja resign any position they hold as, and are prohibited from becoming or acting as, a director or officer of any issuer or registrant until June 29, 2026;
      Shah and Banumas
      7. under section 161(1)(b) of the Act, that Shah and Banumas cease trading in, and are prohibited from purchasing securities until June 29, 2016;

      8. under section 161(1)(c) of the Act, that all of the exemptions set out in the regulations do not apply to Shah and Banumas until June 29, 2016; and

      9. under section 161(1)(d)(i) and (ii) of the Act, that Shah and Banumas resign any position they hold as, and are prohibited from becoming or acting as, a director or officer of any issuer or registrant until June 29, 2016.

¶ 4 January 22, 2014

¶ 5 For the Commission



      Brent W. Aitken
      Vice Chair





      Don Rowlatt
      Commissioner