Wireless Wizard Technologies Inc., Raymond Michael Roger Sasseville, Edith Marie Sasseville and Richard Keller [Decision]
BCSECCOM #:2015 BCSECCOM 443
2015 BCSECCOM 443
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|Nigel P. Cave||Vice Chair|
|George C. Glover, Jr.||Commissioner|
|Hearing Dates||November 9, 2015|
|Submissions Completed||November 20, 2015|
|Decision Date||December 9, 2015|
|Olubode Fagbamiye||For the Executive Director|
|Gregg Alfonso||For the Respondents|
 This is the sanctions portion of a hearing under sections 161(1), 162 and 174 of the Securities Act, RSBC 1996, c. 418. Our Findings on liability made on June 4, 2015 (2015 BCSECCOM 100) are part of this decision. These are the reasons of all panel members on all issues, except for the decision on orders under section 161(1)(g) of the Act. Vice Chair Cave’s dissenting reasons on that issue are below.
 The panel found that:
- Wireless Wizard Technologies Inc. (WWTI) and Richard Keller contravened sections 34 and 61 of the Act by illegally distributing a WWTI convertible debenture in the amount of $10,000 to Investor A,
- WWTI, Raymond Michael Roger Sasseville (Ray) and Keller contravened sections 34 and 61 of the Act by illegally distributing a WWTI debenture in the amount of US$47,500 to Investor B, and
- Edith Marie Sasseville (Edith) and Ray, under section 168.2(1) of the Act, contravened sections 34 and 61 of the Act by authorizing, permitting and acquiescing in the illegal distributions of WWTI convertible debentures, in the case of Edith, to Investors A and B, and, in the case of Ray, to Investor A.