Temporary Order: In the Matter of Sunwide Finance Inc. et al.

Order
 

 

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

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

 


        WHEREAS it appears to the Ontario Securities Commission that:

 

  1. Sunwide Finance Inc. (“Sunwide”) holds itself out as an Ontario financial services firm, providing corporate finance, mergers and acquisitions, tax administration, escrow, and insolvency services;
  2. Sunwide is located at 20 Bay Street, 11th floor, Toronto, which are the offices of Queens Quay Executive Offices Limited (“Queens Quay”), a company providing telephone, fax and postal services to international clients;
  3. George Sutton (“Sutton”), Steven Johnson (“Johnson”), and Bryan Bowles (“Bowles”) are representatives of Sunwide;
  4. Sun Wide Group and Sun Wide Group Financial Insurers & Underwriters are companies related to Sunwide;
  5. Frank R. Kaplan (“Kaplan”) is the president of Sun Wide Group;
  6. Wi-Fi Framework Corporation (“WiFi”) was registered as a corporation in Texas in May 2005 but is not currently in good standing and is subject to de-registration;
  7. The companies and individuals named above are not registered with the Commission in any capacity; and
  8. Sunwide, Sun Wide Group, and Sun Wide Group Financial Insurers & Underwriters, together with their representatives Sutton, Johnson, Bowles, and Kaplan, may have breached the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”) by:
    1. trading in securities without registration or an appropriate exemption from the registration requirements contrary to s. 25;
    2. making prohibited representations contrary to s. 38 of the Act; and
    3. making misleading or fraudulent misrepresentations knowing or having reasonably ought to have known that they would result in a fraud on a person contrary to s. 126.1 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 by Commission order made April 4, 2007 pursuant to s. 3.5(3) of the Act, any one of W. David Wilson, James E.A. Turner, Lawrence E. Ritchie, Robert L. Shirriff, Harold P. Hands, Paul K. Bates and David L. Knight, acting alone, is authorized to make orders under section 127 of the Act;

        IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that Sunwide, Sun Wide Group, Sun Wide Group Financial Insurers & Underwriters, and WiFi, and their officers, directors, employees and/or agents cease trading in all securities immediately, including the securities of WiFi; and

        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 "19th" day of November, 2007.
 

" James E. A. Turner "