Harold Carl Schmidt [Reciprocal Order]

2020 BCSECCOM 154
Document Type:
Reciprocal Order
Published Date:
Effective Date:

2020 BCSECCOM 154

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Reciprocal Order

Harold Carl Schmidt

Section 161 of the Securities Act, RSBC 1996, c. 418

I. Introduction
[1] This is an order under sections 161(1) and 161(6)(d) of the Securities Act, RSBC 1996, c. 418 (Act).
[2] By permitting a reciprocal order to be made in certain circumstances, section 161(6) facilitates cooperation between the Commission and other securities regulatory authorities. 
[3] The executive director of the Commission has applied for an order reciprocating the market prohibition sanctions agreed to by Harold Carl Schmidt and others on September 11, 2019 in a Settlement Agreement and Undertaking with the Alberta Securities Commission (ASC) cited as Re Lutheran Church-Canada, the Alberta-British Columbia District, 2019 ABASC 140 (the Settlement Agreement).
[4] The executive director tendered as evidence the Settlement Agreement and made written submissions to the Commission. 
[5] Schmidt was given an opportunity to be heard.  Schmidt was represented by counsel and made written submissions to the Commission, but did not tender any evidence. 
[6] The Commission makes reciprocal orders under section 161(6) of the Act in the public interest, to protect investors and the capital markets in British Columbia.  

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