Order: In the Matter of Sage Investment Group et al. - Antonio Carlos Neto David Oliveira

Order
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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED

- AND -

IN THE MATTER OF
SAGE INVESTMENT GROUP, C.A.D.E RESOURCES GROUP INC., GREENSTONE
FINANCIAL GROUP, FIDELITY FINANCIAL GROUP, ANTONIO CARLOS NETO
DAVID OLIVEIRA, and ANNE MARIE RIDLEY

ORDER



    WHEREAS on February 1, 2012, 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”) to consider whether it is in the public interest for the Commission to make certain orders in respect of Antonio Carlos Neto Oliveira (“Oliveira”);

    AND WHEREAS on January 27, 2012, Staff of the Commission filed a Statement of Allegations;

    AND WHEREAS Oliveira entered into a Settlement Agreement dated January 7, 2013, (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations;

    AND WHEREAS the Commission issued a Notice of Hearing dated January 9, 2013, setting out that it proposed to consider the Settlement Agreement;

    AND UPON reviewing the Settlement Agreement, the Notice of Hearing, the Statement of Allegations, and upon considering submissions from counsel for Oliveira and Staff of the Commission;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to issue this Order;

    IT IS HEREBY ORDERED THAT:

  1. The Settlement Agreement between Staff of the Commission and Oliveira is approved;
  2. Pursuant to clause 2 of subsection 127(1) of the Act, trading in any securities by Oliveira cease permanently;
  3. Pursuant to clause 2.1 of subsection 127(1) of the Act, Oliveira is prohibited permanently from the acquisition of any securities;
  4. Pursuant to clause 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Oliveira permanently;
  5. Pursuant to clause 10 of subsection 127(1) of the Act, Oliveira disgorge to the Commission $260,000 obtained as a result of his non-compliance with securities law, such amount to be designated for allocation or for use by the Commission pursuant to subsection 3.4(2)(b) (i) or (ii) of the Act;
  6. Pursuant to clause 6 of subsection 127(1) of the Act, Oliveira be reprimanded;
  7. Pursuant to clauses 7, 8.1 and 8.3 of subsection 127(1) of the Act, Oliveira resign any positions that he holds as a director or officer of any issuer, registrant or investment fund manager;
  8. Pursuant to clauses 8, 8.2 and 8.4 of subsection 127(1) of the Act, Oliveira be prohibited permanently from becoming or acting as a director or officer of any issuer, registrant or investment fund manager;
  9. Pursuant to clause 8.5 of subsection 127(1) of the Act, Oliveira be prohibited permanently from becoming or acting as a registrant, an investment fund manager or as a promoter; and
  10. Pursuant to clause 9 of subsection 127(1) of the Act, Oliveira pay an administrative penalty of $130,000, such amount to be designated for allocation or for use by the Commission pursuant to subsection 3.4(2)(b) (i) or (ii) of the Act.

    DATED at Toronto this 22nd day of January, 2013.

 

" James E. A. Turner "
James E. A. Turner