Order: In the Matter of Krishna Sammy

Order
Download PDF

IN THE MATTER OF THE SECURITIES ACT,
RSO 1990, c S.5

- AND -

IN THE MATTER OF A REQUEST FOR A HEARING AND REVIEW OF THE DECISION OF A HEARING PANEL OF THE INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA

- AND –

IN THE MATTER OF KRISHNA SAMMY

ORDER

WHEREAS on February 28, 2017, the Ontario Securities Commission (“Commission”) held a hearing by teleconference with respect to an application by Krishna Sammy (“Sammy”) for an order pursuant to section 144 of the Securities Act, RSO 1990, c S.5, revoking or varying the order of the Commission dated October 28, 2016 (the “Application to Revoke or Vary”), which order dismissed his Application for a Hearing and Review of the decision of a Hearing Panel of the Investment Industry Regulatory Organization of Canada (“IIROC”) dated January 22, 2016 (the “Application for Hearing and Review”);

ON HEARING submissions from Sammy’s counsel, counsel for IIROC Staff and counsel for Commission Staff;

IT IS ORDERED that:

  1. the Application to Revoke or Vary is granted and the October 28, 2016 Order of the Commission is revoked;
  2. a confidential pre-hearing conference shall be held by teleconference on March 8, 2017 at 11:00 a.m. EST;
  3. pursuant to subsection 9(1)(b) of the Statutory Powers and Procedure Act, RSO 1990, c S.22 and Rule 5.2 of the Commission’s Rules of Procedure (2014), 37 OSCB 4168, the “Further Amended Application for Further Decision dated February 27, 2017” found at Tab 3 of the Application Record dated February 27, 2017 is confidential; and
  4. the hearing of the Application for Hearing and Review shall commence on March 30, 2017, at 11:30 a.m. EST.

            DATED at Toronto, this 28th day of February 2017.



" Timothy Moseley"
Timothy Moseley