Order: In the Matter of Sage Investment Group et al. - Anne Marie Ridley

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

- AND -

IN THE MATTER OF
SAGE INVESTMENT GROUP, C.A.D.E RESOURCES GROUP INC., GREENSTONE
FINANCIAL GROUP, FIDELITY FINANCIAL GROUP, ANTONIO CARLOS NETO
DAVID OLIVEIRA, and ANNE MARIE RIDLEY

ORDER



    WHEREAS on February 1, 2012, 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”) to consider whether it is in the public interest for the Commission to make certain orders in respect of Anne Marie Ridley (“Ridley”);

    AND WHEREAS on January 27, 2012, Staff of the Commission filed a Statement of Allegations;

    AND WHEREAS Ridley entered into a Settlement Agreement dated January 7, 2013, (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations;

    AND WHEREAS the Commission issued a Notice of Hearing dated January 9, 2013, setting out that it proposed to consider the Settlement Agreement;

    AND UPON reviewing the Settlement Agreement, the Notice of Hearing, the Statement of Allegations, and upon considering submissions of counsel for Ridley and Staff of the Commission;

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

    IT IS HEREBY ORDERED THAT:

  1. The Settlement Agreement between Staff of the Commission and Ridley is approved;
  2. Pursuant to clause 2 of subsection 127(1) of the Act, trading in any securities by Ridley cease for a period of five years from the date of this order, with the exception that Ridley is permitted to trade in securities in mutual funds or exchange-traded funds, through a registered dealer (which dealer must be given a copy of this Order) for the account of her registered retirement savings plan (as defined in the Income Tax Act (Canada));
  3. Pursuant to clause 2.1 of subsection 127(1) of the Act, Ridley is prohibited for a period of five years from the date of this order from the acquisition of any securities, with the exception that Ridley is permitted to acquire securities in mutual funds or exchange-traded funds, through a registered dealer (which dealer must be given a copy of this Order) for the account of her registered retirement savings plan (as defined in the Income Tax Act (Canada));
  4. Pursuant to clause 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Ridley for a period of five years from the date of this order;
  5. Pursuant to clause 6 of subsection 127(1) of the Act, Ridley be reprimanded;
  6. Pursuant to clauses 7, 8.1 and 8.3 of subsection 127(1) of the Act, Ridley resign any positions that she holds as a director or officer of any issuer, registrant or investment fund manager;
  7. Pursuant to clauses 8, 8.2 and 8.4 of subsection 127(1) of the Act, Ridley be prohibited from becoming or acting as a director or officer of any issuer, registrant, or investment fund manager for a period of five years from the date of this order; and
  8. Pursuant to clause 8.5 of subsection 127(1) of the Act, Ridley be prohibited from becoming or acting as a registrant, an investment fund manager or as a promoter for a period of five years from the date of this order.

    DATED at Toronto this 21st day of January, 2013.

 

" James E. A. Turner "
James E. A. Turner