Order: In the Matter of Sunwide Finance Inc. et al.
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SUNWIDE FINANCE INC., SUN WIDE GROUP,
SUN WIDE GROUP FINANCIAL INSURERS & UNDERWRITERS,
WI-FI FRAMEWORK CORPORATION., BRYAN BOWLES,
STEVEN JOHNSON, FRANK R. KAPLAN, and GEORGE SUTTON
ORDER
Sections 127(1) & 127(8)
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF
SUNWIDE FINANCE INC., SUN WIDE GROUP,
SUN WIDE GROUP FINANCIAL INSURERS & UNDERWRITERS,
WI-FI FRAMEWORK CORPORATION., BRYAN BOWLES,
STEVEN JOHNSON, FRANK R. KAPLAN, and GEORGE SUTTON
ORDER
Sections 127(1) & 127(8)
WHEREAS on November 19, 2007, the Ontario Securities Commission (the "Commission") issued a temporary cease trade order pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") ordering that Sunwide Finance Inc., Sun Wide Group, Sun Wide Group Financial Insurers & Underwriters, Wi-Fi Framework Corporation, and their officers, directors, employees and/or agents cease trading in all securities immediately, including the securities of Wi-Fi Framework Corporation;
AND WHEREAS on November 19, 2007, the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;
AND WHEREAS on November 21, 2007 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on December 3, 2007 at 2:00 p.m;
AND WHEREAS Staff of the Commission ("Staff'") attempted to serve all of the Respondents a certified copy of the Temporary Order and a Notice of Hearing at all known addresses, fax numbers, and electronic mail addresses as evidenced by the Affidavit of Louisa Tong sworn November 28, 2007 and filed with the Commission in the Evidence Brief of Staff;
AND WHEREAS Staff served Sunwide Finance Inc., Sun Wide Group, Sun Wide Group Financial Insurers & Underwriters, Bryan Bowles, Steven Johnson, Frank R. Kaplan, and George Sutton by fax and email;
AND WHEREAS Staff’s service on Sunwide Finance Inc., Sun Wide Group, Sun Wide Group Financial Insurers & Underwriters, Bryan Bowles, Steven Johnson, Frank R. Kaplan, and George Sutton by courier was unsuccessful;
AND WHEREAS the Commission held a Hearing on Dthe Commission held a Hearing on December 3, 2007 and none of the Respondents attended before the Commission;ecember 3, 2007 and none of the Respondents attended before the Commission;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;
AND WHEREAS pursuant to section 127(8) satisfactory information has not been provided to the Commission within the fifteen (15) day period after the making of the Temporary Order;
IT IS HEREBY ORDERED pursuant to section 127(8) that the Temporary Order is extended to March 4, 2008; and
IT IS FURTHER ORDERED that the Hearing is adjourned to Tuesday, March 4, 2008 at 2:30 p.m.
DATED at Toronto this 3rd day of December, 2007.
“Wendell S. Wigle”
“Wendell S. Wigle” |
“Margot C. Howard”
“Margot C. Howard” |