Proceedings

PDF Version
PDF Version



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

- AND -

IN THE MATTER OF GOLDBRIDGE FINANCIAL INC.,
WESLEY WAYNE WEBER AND SHAWN C. LESPERANCE

TEMPORARY ORDER
Section 127(1) & 127(5)



      WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:

1. Goldbridge Financial Inc. (“Goldbridge”) is an Ontario company registered under the Business Corporations Act;

2. Wesley Wayne Weber (“Weber”) is the President of Goldbridge;

3. Shawn C. Lesperance (“Lesperance”) is an officer of Goldbridge;

4. Weber has made statements to the media to the effect that he is actively managing investors’ funds;

5. Weber has placed advertisements on the internet holding himself and Goldbridge out as investment advisors and providers of training in day trading;

6. There is no record of Goldbridge, Weber or Lesperance having been registered under the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);

7. Weber has used false names to open and attempt to open online trading accounts in the United States;

8. No exemptions from the registration and prospectus requirements under the Act apply to Goldbridge, Weber or Lesperance; and,

9. Staff of the Commission are conducting an investigation into the activities of Goldbridge, Weber and Lesperance who may be trading without complying with the registration requirements under s. 25 of the Act.

      AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in s. 127(5) of the Act;

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

      AND WHEREAS by Authorization Order made April 1, 2008, pursuant to subsection 3.5(3) of the Act, the Commission authorized each of W. David Wilson, James E. A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, to exercise the powers of the Commission to make Orders under section 127 of the Act;

      IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities by Goldbridge, Weber, and Lesperance shall cease;

      IT IS FURTHER ORDERED that pursuant to clause 3 of subsection 127(1) of the Act that the exemptions contained in Ontario securities law do not apply to Goldbridge, Weber and Lesperance;

      IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.

      Dated at Toronto this 10th day of October, 2008


“David Wilson”
David Wilson