Order: In the Matter of Hong Liang Zhong
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IN THE MATTER OF THE
SECURITIES ACT, RSO 1990, c S.5
- AND -
IN THE MATTER OF
HONG LIANG ZHONG
ORDER
(Subsections 127(1) and 127(10) of the Securities Act)
WHEREAS:
- on January 25, 2016, Staff of the Ontario Securities Commission filed a Statement of Allegations, in which Staff sought an order against Hong Liang Zhong (“Zhong”) pursuant to subsection 127(1) of the Securities Act;
- on January 25, 2016, the Commission issued a Notice of Hearing in respect of that Statement of Allegations, setting February 25, 2016 as the date of the hearing;
- at the hearing on February 25, 2016, Zhong did not appear, although properly served, and the Commission ordered that the proceeding continue by way of a written hearing;
- Zhong is subject to an order made by a securities regulatory authority in another jurisdiction imposing certain sanctions; and
- the Commission is of the opinion that it is in the public interest to make this order;
IT IS HEREBY ORDERED that:
- pursuant to paragraphs 2 and 2.1 of subsection 127(1) of the Act, trading in any securities or derivatives, or acquisition of any securities by Zhong shall cease permanently;
- pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law shall not apply to Zhong permanently;
- pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Zhong resign any positions that he holds as director or officer of any issuer or registrant;
- pursuant to paragraphs 8 and 8.2 of subsection 127(1) of the Act, Zhong be prohibited permanently from becoming or acting as a director or officer of any issuer or registrant; and
- pursuant to paragraph 8.5 of subsection 127(1) of the Act, Zhong be prohibited permanently from becoming or acting as a registrant or promoter.
DATED at Toronto this 26th day of July, 2016
" Timothy Moseley "
Timothy Moseley
Timothy Moseley