Temporary Order: In the Matter of Energy Syndications Inc. et al.

Order
Télécharger le PDF

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, as amended

- and -

IN THE MATTER OF ENERGY SYNDICATIONS INC.,
GREEN SYNDICATIONS INC., SYNDICATIONS CANADA INC.,
LAND SYNDICATIONS INC. and DOUGLAS CHADDOCK

TEMPORARY ORDER
Sections 127(1) & 127(5)

 

 

WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:

 

 

  1. Douglas Chaddock (“Chaddock”) is an individual who resides in Ontario. He a director of Energy Syndications Inc. (“Energy”), Syndications Canada Inc. (“Syndications”) and Green Syndications Inc. (“Green”). Chaddock is not currently registered to trade in securities in Ontario;
  2. Energy was incorporated pursuant to the laws of Ontario and has never been a reporting issuer in Ontario or registered to trade in securities in Ontario;
  3. Syndications was incorporated pursuant to the laws of Canada with a registered office address in Ontario and has never been a reporting issuer in Ontario or registered to trade in securities in Ontario;
  4. Green was incorporated pursuant to the laws of Canada with a registered office address in Ontario and has never been a reporting issuer in Ontario or registered to trade in securities in Ontario;
  5. Land Syndications Inc. (“Land”) was incorporated pursuant to the laws of Ontario and has never been a reporting issuer in Ontario or registered to trade in securities in Ontario;
  6. Energy, Green, Syndications, Land and Chaddock (collectively, the “Respondents”) appear to be trading securities without registration or an exemption to the registration requirements contrary to section 25 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);
  7. The Respondents appear to be trading in securities that would constitute a distribution without a prospectus or an exemption from the prospectus requirement contrary to section 53 of the Act;

AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in section 127(5) of the Act;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

AND WHEREAS by Commission order made February 15, 2011 pursuant to section 3.5(3) of the Act each of Howard I. Wetston, James E. A. Turner, Kevin J. Kelly, James D. Carnwath, Mary G. Condon, Vern Krishna, Christopher Portner and Edward P. Kerwin, acting alone, is authorized to make orders under subsections 127(1) and 127(5) of the Act;

IT IS ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities of Energy, Syndications, Green and Land shall cease;

IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Energy, Syndications, Green and Land or their agents or employees shall cease;

IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Chaddock shall cease;

IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to Energy, Syndications, Green and Land or their agents or employees;

IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to Chaddock; and

IT IS FURTHER ORDERED pursuant to subsection 127(6) of the Act that this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.

 

    Dated at Toronto this __1st __ day of April, 2011

 

" James D. Carnwath "