Order: In the Matter of Rezwealth Financial Services Inc. et al.

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

- and -

IN THE MATTER OF REZWEALTH FINANCIAL SERVICES INC.,
PAMELA RAMOUTAR, JUSTIN RAMOUTAR,
TIFFIN FINANCIAL CORPORATION, DANIEL TIFFIN,
2150129 ONTARIO INC., SYLVAN BLACKETT,
1778445 ONTARIO INC. and WILLOUGHBY SMITH

ORDER
(Section 127)

WHEREAS on January 24, 2011, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), accompanied by a Statement of Allegations dated January 24, 2011 issued by Staff of the Commission (“Staff”), with respect to Rezwealth Financial Services Inc. (“Rezwealth”), Pamela Ramoutar (“Ms. Ramoutar”), Justin Ramoutar, Tiffin Financial Corporation (“Tiffin Financial”), Daniel Tiffin (“Tiffin”), 2150129 Ontario Inc. (“215 Inc.”), Sylvan Blackett (“Blackett”), 1778445 Ontario Inc. (“177 Inc.”) and Willoughby Smith (“Smith”) (collectively, the “Respondents”);

 

 

AND WHEREAS the Notice of Hearing set a hearing in this matter for March 16, 2011;

AND WHEREAS the Commission ordered on March 16, 2011 that the hearing of this matter be adjourned to June 16, 2011 for a pre-hearing conference and that the Amended Temporary Order in this matter be extended to the conclusion of the hearing on the merits;

AND WHEREAS the Commission ordered on June 16, 2011 that the hearing of this matter be adjourned to August 16, 2011 for a continued pre-hearing conference;

AND WHEREAS the Commission ordered on August 16, 2011 that the hearing of this matter be adjourned to March 30, 2012 for a continued pre-hearing conference, and that the hearing on the merits commence on April 30, 2012 and continue until May 25, 2012 inclusive, with the exception of May 8, May 21 and May 22, 2012;

AND WHEREAS on January 24, 2012, the Commission issued an Amended Notice of Hearing pursuant to sections 127 and 127.1 of the Act, accompanied by an Amended Statement of Allegations dated January 24, 2012 issued by Staff, with respect to the Respondents;

AND WHEREAS the Commission ordered on March 30, 2012 that the hearing of this matter be adjourned to April 5, 2012, on a peremptory basis, to consider a request for an adjournment of the hearing on the merits, should Ms. Ramoutar decide to make such a request;

AND WHEREAS the Commission held a pre-hearing conference on April 5, 2012;

AND WHEREAS Ms. Ramoutar requested that the hearing on the merits be adjourned;

AND WHEREAS Staff opposed the adjournment request;

AND WHEREAS the Commission heard submissions from counsel for Staff, counsel for Tiffin and Tiffin Financial, Ms. Ramoutar on her own behalf and on behalf Rezwealth, Justin Ramoutar on his own behalf, and Smith on his own behalf;

AND WHEREAS no one appeared at the pre-hearing conference on behalf of Blackett or 215 Inc.;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

IT IS ORDERED that:

1. The dates set for the hearing on the merits are vacated;
2. The hearing on the merits shall commence on October 31, 2012, on a peremptory basis with respect to the Respondents, and shall continue until November 9, 2012 inclusive, with the exception of November 6, 2012, and shall continue from December 3 to 19, 2012 inclusive, with the exception of December 4 and 18, 2012; and
3. This hearing is adjourned to September 25, 2012 at 3:00 p.m. for a continued pre-hearing conference.

Dated at Toronto this 5^th day of April, 2012.