Order: In the Matter of Franklin Danny White et al.

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

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IN THE MATTER OF FRANKLIN DANNY WHITE,
NAVEED AHMAD QURESHI,
WNBC THE WORLD NETWORK BUSINESS CLUB LTD.,
MMCL MIND MANAGEMENT CONSULTING,
CAPITAL RESERVE FINANCIAL GROUP, and
CAPITAL INVESTMENTS OF AMERICA

ORDER



WHEREAS on February 7, 2008, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing and Statement of Allegations pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);

AND WHEREAS the hearing on the merits was held on March 23, 24, 25 and 27, 2009;

AND WHEREAS the Commission issued its reasons and decision on the merits on February 10, 2010;

AND WHEREAS a case conference was held by telephone conference on March 11, 2010 at 10:30 a.m. for the purpose of scheduling a sanctions hearing;

AND WHEREAS Staff of the Commission (“Staff”), Naveed Ahmad Qureshi (“Qureshi”), for himself, Capital Reserve Financial Group and Capital Investments of America, appeared by telephone on March 11, 2010 at 10:30 a.m.;

AND WHEREAS and Franklin Danny White (“White”), on behalf of himself, WNBC The World Network Business Club Ltd., and Mind Management Consulting, did not appear by telephone on March 11, 2010 at 10:30 a.m.;

AND WHEREAS Staff indicated that White had provided an email to Staff indicating that White would make himself available for any date selected for the sanctions hearing by the Commission;

AND WHEREAS having heard submissions from Staff and Qureshi as to a time-table for the filing of written submissions and the date of the sanctions hearing;

AND WHEREAS the Commission considers it to be in the public interest to make this order;

AND WHEREAS by Commission order dated August 31, 2009, each of each of W. David Wilson, James E. A. Turner, David L. Knight, Carol S. Perry, Patrick J. LeSage, James D. Carnwath and Mary G. Condon, acting alone, is authorized to make orders under section 127 of the Act;

IT IS HEREBY ORDERED THAT:

  1. Staff will file its written submissions on sanctions by April 9, 2010;
  2. the respondents will file their written submissions on sanctions, if any, by May 20, 2010; and
  3. the sanctions hearing to receive oral submissions and to consider the written submissions filed, is scheduled for June 4, 2010 at 10:00 a.m.

DATED at Toronto this 11th day of March 2010.

 

 

" Patrick J. LeSage "
Patrick J. LeSage, Q.C.