Order: In the Matter of Charles DeBono

Order
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IN THE MATTER OF
CHARLES DEBONO

File No. 2023-30

Adjudicator: Jane Waechter

February 6, 2024

ORDER

(Subsections 127(1) and 127(4.0.1) of the Securities Act, RSO 1990, c S.5)

WHEREAS the Capital Markets Tribunal held a hearing in writing to consider a request by Staff of the Ontario Securities Commission for an order imposing sanctions against Charles DeBono pursuant to subsections 127(1) and 127(4.0.1) of the Securities Act (the Act);

ON READING the materials filed by Staff, DeBono having not filed any materials, though properly served;

IT IS ORDERED THAT:

  1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by DeBono cease permanently;
  2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, acquisition of any securities by DeBono is prohibited permanently;
  3. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to DeBono permanently;
  4. pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, DeBono resign any positions that he holds as a director or officer of any issuer or registrant, including as an investment fund manager;
  5. pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, DeBono is prohibited permanently from becoming or acting as a director or officer of any issuer or registrant, including as an investment fund manager; and
  6. pursuant to paragraph 8.5 of subsection 127(1) of the Act, DeBono is prohibited permanently from becoming or acting as a registrant, including as an investment fund manager or promoter.

“Jane Waechter”
Jane Waechter