Order: In the Matter of Systematech Solutions Inc. et al.

Order
Télécharger le PDF

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

– AND –

SYSTEMATECH SOLUTIONS INC., APRIL VUONG
and HAO QUACH


ORDER
(Subsections 127(1), (7) & (8) of the Securities Act)



    WHEREAS on December 15, 2011, the Ontario Securities Commission (the “Commission”) issued a temporary cease trade order (the “Temporary Order”) pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) with respect to Systematech Solutions Inc. (“Systematech”), April Vuong (“Vuong”) and Hao Quach (“Quach”) (collectively, the “Respondents”) ordering that:

  1. pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities by the Respondents shall cease; and
  2. pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of Systematech shall cease;

    AND WHEREAS on December 22, 2011, the Commission extended the Temporary Order to January 31, 2012 and adjourned the hearing to consider the extension of the Temporary Order to January 30, 2012;

    AND WHEREAS on January 30, 2012, the Commission extended the Temporary Order to March 8, 2012, on consent of all the parties, and adjourned the hearing to consider the extension of the Temporary Order to March 7, 2012;

    AND WHEREAS on March 8, 2012, the Commission extended the Temporary Order to June 8, 2012, on consent of all the parties, and adjourned the hearing to consider the extension of the Temporary Order to June 7, 2012;

    AND WHEREAS on June 7, 2012, the Commission extended the Temporary Order to September 12, 2012, on consent of all the parties, and adjourned the hearing to consider the extension of the Temporary Order to September 11, 2012;

    AND WHEREAS on September 11, 2012, the Commission extended the Temporary Order to December 12, 2012, on consent of all the parties, and adjourned the hearing to consider the extension of the Temporary Order to December 11, 2012;

    AND WHEREAS on October 31, 2012, the Commission issued a Notice of Hearing in connection with a Statement of Allegations dated October 31, 2012, filed by Staff of the Commission (“Staff”) in respect of the Respondents, which Notice of Hearing provided that a hearing would be held at the offices of the Commission on December 11, 2012;

    AND WHEREAS on December 11, 2012, Staff and counsel for the Respondents appeared before the Commission and made submissions;

    AND WHEREAS on December 11, 2012, counsel for the Respondents advised that he accepted service of the Notice of Hearing and the Statement of Allegations dated October 31, 2012 on behalf of the Respondents and consented to extension of the Temporary Order;

    AND WHEREAS Staff submitted that it provided electronic disclosure to counsel for the Respondents on November 21, 2012;

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

    IT IS ORDERED that the Temporary Order is extended until the conclusion of the proceeding, including the sanctions hearing, if any; and

    IT IS FURTHER ORDERED that a confidential pre-hearing conference shall take place on February 20, 2013 at 9:00 a.m. or on such other date or time set by the Office of the Secretary and agreed to by the parties

    DATED at Toronto this 11th day of December, 2012.

 

" Edward P. Kerwin "
Edward P. Kerwin