Temporary Order: In the Matter of Blackwood and Rose Inc. et al.

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

- AND -

IN THE MATTER OF
BLACKWOOD & ROSE INC., STEVEN ZETCHUS and JUSTIN KRELLER (also known
as JUSTIN KAY)

TEMPORARY ORDER
(Subsections 127(7) and 127(8) of the Act)

 

 

    WHEREAS on January 29, 2013, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 37, 127 and 127.1 of the Securities Act, R.S.O. 1990 c. S.5 as amended (the “Act”) accompanied by a Statement of Allegations of Staff of the Commission dated January 29, 2013 with respect to Blackwood & Rose Inc. (“Blackwood”), Steven Zetchus (“Zetchus”) and Justin Kreller (“Kreller”) (collectively, the “Respondents”);

 

 

    AND WHEREAS the Notice of Hearing stated that a hearing would be held at the temporary offices of the Commission on February 19, 2013;

    AND WHEREAS on February 19, 2013, Staff attended the hearing and no one appeared on behalf of the Respondents;

    AND WHEREAS Staff filed the Affidavit of Peaches Barnaby sworn February 14, 2013 demonstrating service of the Notice of Hearing and Statement of Allegations on the Respondents;

    AND WHEREAS the Commission previously made a temporary order in connection with this proceeding on December 18, 2012 (the “Temporary Order”);

    AND WHEREAS on December 31, 2012, the Commission extended the Temporary Order to March 7, 2013 and adjourned the hearing to consider a further extension to March 6, 2013 at 10:00 a.m.;

    AND WHEREAS on February 19, 2013, Staff requested that a pre-hearing conference be scheduled in this matter and that the Temporary Order be extended to the day following the pre-hearing conference to permit the parties to make submissions on a further extension of the Temporary Order at the pre-hearing conference;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to issue this Order;

    IT IS HEREBY ORDERED that:

1. the Temporary Order is extended to April 11, 2013 or until further order of the Commission;
2. the hearing date scheduled for March 6, 2013 to consider a further extension of the Temporary Order is vacated; and
3. the hearing is adjourned to April 10, 2013 at 10:00 a.m., or to such other date or time as provided by the Office of the Secretary and agreed to by the parties, for the purpose of conducting a pre-hearing conference and to consider a further extension of the Temporary Order.

    DATED at Toronto this 19^th day of February, 2013.