Order: In the Matter of Sunwide Financial Inc. et al.
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SUNWIDE FINANCE INC., SUN WIDE GROUP,
SUN WIDE GROUP FINANCIAL INSURERS & UNDERWRITERS,
WI-FI FRAMEWORK CORPORATION., BRYAN BOWLES,
STEVEN JOHNSON, FRANK R. KAPLAN, and GEORGE SUTTON
ORDER
(Sections 127(1) & 127(8) of the Securities Act)
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SUNWIDE FINANCE INC., SUN WIDE GROUP,
SUN WIDE GROUP FINANCIAL INSURERS & UNDERWRITERS,
WI-FI FRAMEWORK CORPORATION., BRYAN BOWLES,
STEVEN JOHNSON, FRANK R. KAPLAN, and GEORGE SUTTON
ORDER
(Sections 127(1) & 127(8) of the Securities Act)
WHEREAS on November 19, 2007, the Ontario Securities Commission (the "Commission") issued a temporary cease trade order pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") ordering that Sunwide Finance Inc., Sun Wide Group, Sun Wide Group Financial Insurers & Underwriters, Wi-Fi Framework Corporation, and their officers, directors, employees and/or agents cease trading in all securities immediately, including the securities of Wi-Fi Framework Corporation;
AND WHEREAS on November 19, 2007, the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;
AND WHEREAS on November 21, 2007 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on December 3, 2007 at 2:00 p.m;
AND WHEREAS Staff served Sunwide Finance Inc., Sun Wide Group, Sun Wide Group Financial Insurers & Underwriters, Bryan Bowles, Steven Johnson, Frank R. Kaplan, and George Sutton by fax and email, while attempted service on Wi-Fi Framework Corporation was unsuccessful;
AND WHEREAS the Commission held a Hearing on December 3, 2007 and none of the Respondents attended before the Commission on December 3, 2007;
AND WHEREAS the Commission ordered that the Temporary Order be extended to March 4, 2008 and that the hearing be adjourned to that date;
AND WHEREAS the Commission held a Hearing on March 4, 2008 and none of the Respondents attended before the Commission;
AND WHEREAS the Commission ordered that the Temporary Order be extended to July 22, 2008 and that the hearing be adjourned to that date;
AND WHEREAS the Commission held a Hearing on July 22, 2008 and none of the Respondents attended before the Commission;
AND WHEREAS Staff advised the Commission on July 22, 2008 that it would be issuing a Statement of Allegations within two weeks and that Staff required time to attempt service of the Statement of Allegations on the Respondents;
AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in section 127(5) of the Act;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;
AND WHEREAS pursuant to section 127(8) satisfactory information has not been provided to the Commission by any of the Respondents;
IT IS HEREBY ORDERED pursuant to section 127(8) that the Temporary Order is extended until September 4, 2008.
IT IS FURTHER ORDERED that the Hearing is adjourned to September 3, 2008 at 9:00 a.m.
DATED at Toronto this 22nd day of July 2008.
“ James Turner ” James E. A. Turner |
“ Carol Perry ” Carol S. Perry |