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

 

WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:

1. Rezwealth Financial Services Inc. (“Rezwealth”) is a corporation registered in the Province of Ontario;
2. Tiffin Financial Corporation (“Tiffin Financial”) is a corporation registered in the Province of Ontario;
3. 2150129 Ontario Inc. (“215 Inc.”) is a corporation registered in the Province of Ontario;
4. Rezwealth, Tiffin Financial and 215 Inc. (together, the “Corporate Respondents”) are not registered with the Commission in any capacity;
5. Pamela Teresa Ramoutar (“Pamela”) is a director and officer of Rezwealth and has been identified as the directing mind of Rezwealth;
6. Chris Ramoutar (“Chris”) is a director and officer of Rezwealth;
7. Justin Ramoutar (“Justin”) is a director and officer of Rezwealth;
8. Daniel E. Tiffin (“Tiffin”) is the sole director of Tiffin Financial;
9. Sylvan Blackett (“Blackett”) is the sole director of 215 Inc.;
10. Pamela, Chris, Justin, Tiffin and Blackett (together, the “Individual Respondents”) are not registered with the Commission in any capacity;
11. Tiffin Financial, Tiffin, Pamela and Justin have been soliciting investors to provide funds to Rezwealth for investment;
12. Ontario investors have provided funds to Rezwealth for investment;
13. Chris, Blackett and 215 Inc. have received investor funds from Rezwealth, the purpose for which is unknown;
14. Staff of the Commission are conducting an investigation into the activities of the Corporate Respondents and the Individual Respondents;
15. The Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest; and
16. The Commission is of the opinion that it is in the public interest to make this order;

AND WHEREAS by Commission order made August 31, 2009 pursuant to section 3.5(3) of the Securities Act, R.S.O. 1990 c S-5, as amended (the “Act”) any one of W. David Wilson, James E.A. Turner, David L. Knight, Carol S. Perry, Patrick J. LeSage, James D. Carnwarth and Mary G. Condon, acting alone, is authorized to make orders under section 127 of the Act;

IT IS ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Rezwealth, Tiffin Financial and 215 Inc., or their agents or employees shall cease;

IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Pamela, Chris, Justin, Tiffin and Blackett shall cease;

IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to Rezwealth, Tiffin Financial and 215 Inc. or their agents or employees;

IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to Pamela, Chris, Justin, Tiffin and Blackett; and

IT IS FURTHER ORDERED pursuant to subsection 127(6) of the Act that this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.


Dated at Toronto this 22^nd day of December, 2009