Order: In the Matter of Peter Robinson and Platinum International Investments Inc.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF PETER ROBINSON AND PLATINUM
INTERNATIONAL INVESTMENTS INC.
ORDER
WHEREAS on December 18, 2009, the Secretary of the Commission issued a Notice of Hearing, pursuant to sections 37, 127 and 127.1 of the Ontario Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), for a hearing to commence at the offices of the Commission at 20 Queen Street West, on Monday, January 11th, 2010 at 11 a.m., or as soon thereafter as the hearing can be held;
WHEREAS the Notice of Hearing provides for the Commission to consider, among other things, whether, in the opinion of the Commission, it is in the public interest, pursuant to s. 127(5) of the Act to issue a temporary order that:
The respondents, Platinum International Investments Inc. (“Platinum”) and Peter Robinson (“Robinson”) (collectively the “Respondents”) shall cease trading in any securities;
AND WHEREAS Staff served the Respondents with copies of the Notice of Hearing and Staff’s Statement of Allegations dated December 17, 2009, as evidenced by the Affidavit of Kathleen McMillan sworn on January 11, 2009, and filed with the Commission;
AND WHEREAS Staff served the Respondents with a copy of the Affidavit of Lori Toledano, affirmed on January 8, 2010, as evidenced by the Affidavit of Service of Kathleen McMillan sworn on January 8, 2010;
AND WHEREAS on January 11, 2010 Staff of the Commission and Robinson appeared before the Commission and made submissions. Robinson appeared in his personal capacity and as the sole registered director of Platinum. During the hearing on January 11, 2010, Robinson advised the Commission that he consented to the issuance of a temporary cease trade order against himself and against Platinum;
AND WHEREAS on January 11, 2010, Robinson requested an adjournment of the hearing in order to retain counsel;
AND WHEREAS on January 11, 2010, the panel of the Commission considered the Affidavit of Lori Toledano and the submissions made by Staff and Robinson;
AND WHEREAS on January 11, 2010, the panel of the Commission ordered, pursuant to section 127 (5) of the Act, that Robinson and Platinum cease trading in any securities (the “Temporary Cease Trade Order”) and that the Temporary Cease Trade Order is extended, pursuant to section 127(8) of the Act, until February 4, 2010;
AND WHEREAS on January 11, 2010, the panel of the Commission ordered that the hearing with respect to this matter was adjourned to February 3, 2010, at 9:00 a.m.;
AND WHEREAS on February 3, 2010, Staff of the Commission and counsel for Robinson and Platinum appeared before the Commission and made submissions;
AND WHEREAS on February 3, 2010, Staff requested an adjournment of the hearing and an extension of the Temporary Cease Trade Order and counsel for Robinson did not oppose Staff’s request;
AND WHEREAS on February 3, 2010, the panel of the Commission ordered that, pursuant to subsection 127(8) of the Act, the Temporary Cease Trade Order is extended until March 8, 2010 and that the hearing with respect to this matter is adjourned to March 5, 2010, at 10:00 a.m.;
AND WHEREAS on March 5, 2010, Staff of the Commission and counsel for Robinson appeared before the Commission and made submissions;
AND WHEREAS on March 5, 2010, Staff requested an adjournment of the hearing and an extension of the Temporary Cease Trade Order and counsel for Robinson did not oppose Staff’s request;
AND WHEREAS the panel of the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED that, pursuant to subsection 127(8) of the Act, the Temporary Cease Trade Order is extended until April 13, 2010; and
IT IS FURTHER ORDERED that the hearing with respect to this matter is adjourned to April 12, 2010, at 9:15 a.m.
DATED at Toronto this 8th day of March, 2010.
David L. Knight, FCA