Order: In the Matter of Michael Paul Kraft and Michael Brian Stein

IN THE MATTER OF
MICHAEL PAUL KRAFT and MICHAEL BRIAN STEIN

File No. 2021-32

December 9, 2022

ORDER

WHEREAS on December 9, 2022, the Capital Markets Tribunal concluded the evidentiary portion of the merits hearing in this proceeding;

AND WHEREAS Michael Paul Kraft has indicated he intends to advance a conditional constitutional argument (Charter Argument) as part of his closing submissions on the merits;

ON HEARING the submissions of the representatives for Staff of the Ontario Securities Commission (Staff) and the representatives for each of Michael Paul Kraft and Michael Brian Stein;

IT IS ORDERED THAT:

1. by 4:30 p.m. on January 17, 2023, Staff shall serve and file its written closing submissions on the merits;
2. by 4:30 p.m. on January 31, 2023:
   1. the respondents shall serve and file their responding written closing submissions on the merits; and
   2. Kraft shall serve and file his written submissions on the Charter Argument;
3. by 4:30 p.m. on February 7, 2023:
   1. Staff shall serve and file its written reply closing submissions on the merits, if any; and
   2. Staff shall serve and file its written responding submissions on the Charter Argument;
4. by 4:30 p.m. on February 10, 2023, Kraft shall serve and file his written reply submissions on the Charter Argument, if any;
5. the merits hearing date scheduled for December 19, 2022 is vacated; and
6. oral closing submissions on the merits and Charter Argument shall be heard on February 14, 2023, at 9:00 a.m., by videoconference, or on such other date and time as may be agreed to by the parties and set by the Governance & Tribunal Secretariat.