Order: In the Matter of Innovative Gifting Inc. et al.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF INNOVATIVE GIFTING INC., TERENCE LUSHINGTON,
Z2A CORP. AND CHRISTINE HEWITT
ORDER
(Sections 127 and 127.1)
AND WHEREAS on March 2, 2010, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 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 dated March 2, 2010 filed by Staff of the Commission (“Staff”) in respect of Innovative Gifting Inc., Terence Lushington, Z2A Corp. and Christine Hewitt;
AND WHEREAS on March 29, 2011, the Commission issued an order approving a Settlement Agreement between Staff and Innovative Gifting Inc. and Terence Lushington;
AND WHEREAS a hearing on the merits with respect to the allegations against Christine Hewitt and Z2A Corp. (the “Respondents”) was held before the Commission on October 3, 4, 5, 6, 12 and 24, November 8 and December 21, 2011 (the “Merits Hearing”);
AND WHEREAS on July 25, 2013, the Commission issued its Reasons and Decision with respect to the merits and ordered Staff and the Respondents to appear before the Commission on August 12, 2013 at 10:00 a.m. for the purposes of scheduling the hearing with respect to sanctions and costs;
AND WHEREAS on August 12, 2013, Christine Hewitt advised the Commission that the Respondents are in the process of retaining new counsel;
AND WHEREAS the Commission is of the view that it is in the public interest to make this order;
IT IS HEREBY ORDERED that:
1. Staff shall serve and file written submissions on sanctions and costs by September 6, 2013;
2. the Respondents shall serve and file written submissions on sanctions and costs by October 11, 2013;
3. Staff shall serve and file written reply submissions on sanctions and costs by October 18, 2013;
4. the hearing to determine sanctions and costs will be held at the office of the Commission at 20 Queen Street West, Toronto, on October 23, 2013 commencing at 10:00 a.m.
DATED at Toronto this 12th day of August, 2013.
James E. A. Turner