Notice of Hearing: In the Matter of Issam El-Bouji et al.

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

- AND -

IN THE MATTER OF ISSAM EL-BOUJI, GLOBAL RESP
CORPORATION, GLOBAL GROWTH ASSETS INC., GLOBAL
EDUCATIONAL TRUST FOUNDATION AND MARGARET SINGH

NOTICE OF HEARING
(Sections 127 and 127.1)



    TAKE NOTICE THAT the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to sections 127 and 127.1 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) at the temporary offices of the Commission at 333 Bay Street, Suite 900, Toronto, Ontario, commencing on January 28, 2013 at 12:00 p.m. or as soon thereafter as the hearing can be held, to consider:

  1. whether, in the opinion of the Commission, it is in the public interest, pursuant to ss. 127 and 127.1 of the Act to order that:
    1. the registration of Issam El-Bouji (“Bouji”), Global RESP Corporation, Global Growth Assets Inc. and Margaret Singh (“Singh”) be suspended or terminated permanently or for such period as is specified by the Commission or that terms and conditions be imposed on the registration of these respondents;
    2. trading in any securities by Bouji, Global RESP Corporation, Global Growth Assets Inc., Global Educational Trust Foundation and Margaret Singh (the “Respondents”) cease permanently or for such period as is specified by the Commission;
    3. the acquisition of any securities by the Respondents is prohibited permanently or for such other period as is specified by the Commission;
    4. any exemptions contained in Ontario securities law do not apply to the Respondents permanently or for such period as is specified by the Commission;
    5. the Respondents be reprimanded;
    6. Bouji and Singh (the “Individual Respondents”) resign one or more positions that they hold as a director or officer of any issuer, registrant or investment fund manager;
    7. the Individual Respondents be prohibited from becoming
      8. or acting as a director or officer of any issuer, registrant or investment fund manager;
    8. the Respondents be prohibited from becoming or acting as a registrant, an investment fund manager or a promoter;
    9. the Respondents pay an administrative penalty of not more than $1 million for each failure by that Respondent to comply with Ontario securities law;
    10. the Respondents disgorge to the Commission any amounts obtained as a result of non-compliance by that Respondent with Ontario securities law; and
    11. the Respondents be ordered to pay the costs of the Commission investigation and the hearing; and
  2. whether to make such further orders as the Commission considers appropriate.

    BY REASON OF the allegations as set out in the Statement of Allegations of Staff of the Commission dated January 10, 2013 and such additional allegations as counsel may advise and the Commission may permit;

    AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;

    AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceedings.

    DATED at Toronto this 10th day of January, 2013

 

" John Stevenson "
John Stevenson