Notice of Hearing: In the Matter of Shane Suman and Monie Rahman

Notice of Hearing
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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

SHANE SUMAN and MONIE RAHMAN

NOTICE OF HEARING
Sections 127 and 127(1)


      TAKE NOTICE that the Ontario Securities Commission (the “Commission”) will hold a hearing pursuant to section 127 of the Securities Act, at its offices at 20 Queen Street West, 17th Floor Hearing Room on Tuesday, the 28th of August, 2007 at 10:00 a.m. or as soon thereafter as the hearing can be held.

      TO CONSIDER whether, pursuant to s.127 and s.127(1) of the Securities Act, it is in the public interest for the Commission:
  1. to make an order against Suman that:

    a. He be prohibited from becoming or acting as officer or director of an issuer, pursuant to paragraph 8 of s.127(1);

    b. Trading in any securities by him cease for such period as is specified by the Commission, pursuant to paragraph 2 of s.127(1);

    c. He be ordered to pay an administrative penalty of not more than $1,000,000 for his failure to comply with Ontario Securities law, pursuant to paragraph 9 of s.127(1);

    d. He disgorge any amounts obtained by him by virtue of his non-compliance with Ontario Securities law, pursuant to paragraph 10 of s.127(1);

    e. He be ordered to pay the costs of the Commission investigation and hearing, pursuant to s.127(1).

  2. to make an order against Rahman that:

    a. She be prohibited from becoming or acting as officer or director of an issuer, pursuant to paragraph 8 of s.127(1);

    b. Trading in any securities by her cease for such period as is specified by the Commission, pursuant to paragraph 2 of s.127(1);

    c. She be ordered to pay the costs of the Commission investigation and hearing, pursuant to s.127(1).

  3. to make such other orders as the Commission considers appropriate.

      BY REASON OF the allegations set out in the Statement of Allegations dated July 24, 2007 and such additional allegations as counsel may advise and the Commission may permit;

      AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

      AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.

      DATED at Toronto this 24th day of July, 2007

 
“John Stevenson”
John Stevenson
Secretary to the Commission