Order: In the Matter of Aurelio Marrone

IN THE MATTER OF
AURELIO MARRONE

File No. 2020-16

February 28, 2023

ORDER

(Subsection 127(1) and section 127.1 of the Securities Act, RSO 1990, c S.5)

WHEREAS on October 21, 2022, the Capital Markets Tribunal held a hearing by videoconference to consider the sanctions and costs that the Tribunal should impose on Aurelio Marrone as a result of the findings in the Reasons and Decision on the merits, issued June 13, 2022;

ON READING the materials filed by the parties, and on hearing the submissions of the representatives for Staff of the Ontario Securities Commission and for Marrone;

IT IS ORDERED THAT:

1. any registration granted to Marrone under Ontario securities law is terminated permanently, pursuant to paragraph 1 of s. 127(1) of the Securities Act (the Act);
2. Marrone shall immediately resign any position that he holds as a director or officer of an issuer, pursuant to paragraph 7 of s. 127(1) of the Act;
3. Marrone is prohibited permanently from becoming or acting as a director or officer of any issuer, pursuant to paragraph 8 of s. 127(1) of the Act;
4. Marrone is prohibited permanently from becoming or acting as a director or officer of any registrant, pursuant to paragraph 8.2 of s. 127(1) of the Act;
5. Marrone is prohibited permanently from becoming or acting as a director or officer of any investment fund manager, pursuant to paragraph 8.4 of s. 127(1) of the Act;
6. Marrone is prohibited permanently from becoming or acting as a registrant, an investment fund manager or a promoter, pursuant to paragraph 8.5 of s. 127(1) of the Act;
7. Marrone shall pay an administrative penalty of $500,000, pursuant to paragraph 9 of s. 127(1) of the Act; and
8. Marrone shall pay Staff’s costs of the investigation and the hearing in the amount of $85,000, pursuant to s. 127.1 of the Act.