Notice from the Office of the Secretary: In the Matter of Argosy Securities Inc. and Keybase Financial Group Inc.

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- AND -

IN THE MATTER OF ARGOSY SECURITIES INC. and
KEYBASE FINANCIAL GROUP INC

TORONTO – The Commission issued an Order in the above named matter which provides that:

1. the hearing and review of the Director’s Decision shall continue and be held at the offices of the Commission located at 20 Queen Street West, 17th Floor, Toronto, Ontario commencing on Wednesday January 20, 2016 at 10:00 a.m.; and
2. pursuant to subsection 8(4) of the Act, the Director’s Decision remains stayed and Argosy and Keybase shall be subject to the following conditions until further order of the Commission and, in any event, not later than January 20, 2016:
   1. Argosy will add no more than five net new dealing representatives to its complement of representatives as at the date of the Stay Order;
   2. Argosy will not open any new branch locations;
   3. Keybase will add no more than nineteen net new dealing representatives to its complement of representatives as at the date of the Stay Order;
   4. Keybase will not open any new branch locations but may create new sub-branch locations provided Keybase branch managers conduct appropriate supervision, including periodic visits, in respect of all sub-branches as required by MFDA by-laws, rules and policies;
   5. any Keybase advisor who currently has 20% or more of his/her total clients’ assets under administration as leveraged investments will not engage in further leveraged activity; and
   6. any Keybase advisor who currently has less than 20% of his/her total clients’ assets under administration will not exceed 20% leverage.

A copy of the Order dated January 18, 2016 is available at www.osc.gov.on.ca

www.osc.gov.on.ca.

OFFICE OF THE SECRETARY
JOSÉE TURCOTTE
SECRETARY