Notice of Hearing: In the Matter of Fawad Ul Haq Khan and Khan Trading Associates Inc. Carrying on Business as Money Plus

Notice of Hearing
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IN THE MATTER OF THE COMMODITY FUTURES ACT,
R.S.O. 1990, CH. C.20 AS AMENDED

- AND -

IN THE MATTER OF FAWAD UL HAQ KHAN and
KHAN TRADING ASSOCIATES INC. carrying on business as MONEY PLUS

NOTICE OF HEARING
(Sections 60 and 60.1 of the Commodity Futures Act)



    TAKE NOTICE THAT the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to sections 60 and 60.1 of the Commodity Futures Act, R.S.O. 1990, Ch. C.20, as amended (the “CFA”) at the offices of ASAP Reporting Services Inc., Bay Adelaide Centre, 333 Bay Street, Suite 900, Toronto, ON, M5H 2T4 on February 5, 2013 at 9:00 a.m., or as soon thereafter as the hearing can be held;

    AND TAKE NOTICE that the purpose of the hearing is to consider whether, in the Commission’s opinion, it is in the public interest for the Commission to make the following orders:

  1. to make an order pursuant to clause 3 of section 60(1) of the CFA that any exemptions contained in Ontario commodity futures law do not apply to the respondents permanently or for such period as is specified by the Commission;
  2. to make an order pursuant to clause 6 of section 60(1) of the CFA that the respondents be reprimanded;
  3. to make an order pursuant to clause 7 of section 60(1) of the CFA that Khan resign any position that he holds as a director or officer of an issuer;
  4. to make an order pursuant to clause 8 of section 60(1) of the CFA that Khan be prohibited from becoming or acting as a director or officer of any issuer;
  5. to make an order pursuant to clause 9 of section 60(1) of the CFA that the respondents each pay an administrative penalty for each failure to comply with Ontario commodity futures law;
  6. to make an order pursuant to clause 10 of section 60(1) of the CFA that the respondents each disgorge to the Commission any amounts obtained as a result of their noncompliance with Ontario commodity futures law;
  7. to make an order pursuant to section 60.1 of the CFA that the respondents pay the costs of the investigation and the hearing; and
  8. such other orders as the Commission considers appropriate.

    BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Commission dated December 19, 2012 and such additional allegations as counsel may advise and the Commission may permit;

    AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel, if that party attends or submits evidence at the hearing;

    AND TAKE FURTHER NOTICE that upon the 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 proceeding.

    DATED at Toronto this 20th day of December, 2012

 

" John Stevenson "
John Stevenson