Order: In the Matter of David Singh

IN THE MATTER OF
DAVID SINGH

File No. 2023-15

December 8, 2023

ORDER

(Subsections 127(1) and 127(4.0.1) of the Securities Act, RSO 1990, c S.5)

WHEREAS on December 8, 2023, the Capital Markets Tribunal held a hearing by videoconference to consider a request by Staff of the Ontario Securities Commission for an order imposing sanctions against David Singh pursuant to subsections 127(1) and 127(4.0.1) of the Securities Act (Act);

ON READING the materials filed by Staff and on hearing the submissions of the representatives for Staff, and no one appearing on behalf of Singh, although properly served;

IT IS ORDERED, for reasons to follow, that:

1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Singh cease permanently;
2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, acquisition of any securities by Singh be prohibited permanently;
3. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Singh permanently;
4. pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, Singh resign any positions that he holds as a director or officer of any issuer or registrant;
5. pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, Singh is prohibited permanently from becoming or acting as a director or officer of any issuer or registrant; and
6. pursuant to paragraph 8.5 of subsection 127(1) of the Act, Singh is prohibited permanently from becoming or acting as a registrant or promoter.