Enforcement

Disciplined List

Cramer, Michael John

Date of Order or Settlement:

2003-05-23
Banned Until:

2015-05-23

Sanction:

12-year trading ban with conditions (2003)
12-year director/officer ban with conditions (2003)
12-year investor relations ban (2003)
An undertaking to comply with the Securities Act (1997)

Supporting Documents:

Settlement/Order - June 10, 1997

Violation:

Unregistered distribution (2003)
Failure to comply with "Suitability of Investments" rules (2003)
Failure to comply with "Fair Dealing" rules and acting contrary to the public interest (unresolved conflicts of interest) (2003)
Prohibited representations (2003)
Misrepresentations (2003)
Failure to provide appropriated disclosure (1997)

Ruling Body:

BCSC

Payment Agreed/Ordered:

$22,000 plus $15,000 in costs, and the proceeds of the sale of any securities in the involved companies up to $112,000 (2003)

$750 (1997)