Order: In the Matter of USI Tech Limited

FILE NO.: 2018-75

IN THE MATTER OF
USI-TECH LIMITED

Timothy Moseley, Vice-Chair and Chair of the Panel

January 15, 2019

ORDER

(Subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5)

WHEREAS the Ontario Securities Commission (Commission) held a hearing in writing to consider a request by Staff of the Commission (Staff) for an order imposing sanctions against USI-Tech Limited pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act); and

ON READING the materials filed by Staff and USI-Tech Limited;

IT IS ORDERED, for reasons to follow, that:

1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by or of USI-Tech Limited cease permanently; and 
2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, acquisition of any securities by USI-Tech Limited cease permanently.