Application Re Jefferson Franklin Mesidor [Decision]
BCSECCOM #:2020 BCSECCOM 164
2020 BCSECCOM 164
Click on the Adobe icon to launch the Acrobat Reader
Application Re Jefferson Franklin Mesidor
Deborah Armour, QC
George C. Glover, Jr.
April 8, 2020
Date of Decision
May 20, 2020
For the Executive Director
- In this application Investor C seeks payment under section 15.1 of the Securities Act, RSBC 1996, c. 418, out of funds paid to the Commission pursuant to a section 161(1)(g) order (Order) made by the Commission on January 6, 2014 (see Jefferson Franklin Mesidor (Re) 2013 BCSECOMM 460 and Mesidor (Re) 2014 BCSECOMM 6) (Decision).
- The application is supported by the executive director, who has supplemented Investor C’s application with a report, an affidavit (Affidavit) of a Commission staff investigator and a recommendation. The recommendation supports payment to Investor C of all of the funds paid to the Commission as a result of a consumer proposal by Jefferson Franklin Mesidor (Mesidor), plus all accrued interest (Funds).
- The primary issues in this application are whether the requirements under the Act for this application have been met and, if so, how the panel should exercise its discretion in the manner and timing in which the Funds are paid to Investor C, given that there may be another potential claimant for the Funds.