Order: In the Matter of Lance Sandford Cook et al.

Order
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IN THE MATTER OF
LANCE SANDFORD COOK and
CBM CANADA’S BEST MORTGAGE CORP.

Philip Anisman, Chair of the Panel

February 14, 2018

ORDER
(Subsections 127(1) and (10) of the Securities Act, RSO 1990, c S.5)

WHEREAS the Ontario Securities Commission held a hearing in writing on the application of Staff of the Commission (“Staff”) for an order imposing sanctions pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the “Act”);

ON READING the findings of the British Columbia Securities Commission (the “BCSC”) dated April 19, 2017 and the decision of the BCSC dated August 8, 2017 (the “BCSC Order”)in the matter of Lance Sandford Cook (“Cook”) and CBM Canada’s Best Mortgage Corp. (“CBM”) and on reading the materials filed by Staff, the respondents Cook and CBM not having appeared and not having filed any materials, although properly served;

IT IS ORDERED pursuant to paragraphs 127(1) 2, 2.1, 7, 8, 8.1, 8.2 and 8.5 that:

  1. Cook shall resign any position that he holds as an officer or director of an issuer or registrant;
  2. until the later of August 8, 2022 and the date on which the payments ordered against Cook in paragraphs 61(c) and 61(d) of the BCSC Order have been paid, Cook:
    1. shall not trade in securities or derivatives, except for his own account through a registrant who has been given a copy of the BCSC Order and a copy of this Order;
    2. shall not acquire securities (including any derivative that is a security), except for his own account through a registrant who has been given a copy of the BCSC Order and a copy of this Order;
    3. shall not become or act as a director or officer of any issuer, investment fund manager or registrant; and
    4. shall not become or act as a registrant, investment fund manager or promoter;
  3. until August 8, 2022, CBM:
    1. shall not trade in securities;
    2. shall not acquire securities; and
    3. shall not become or act as a registrant, investment fund manager or promoter.

 

" Philip Anisman "
Philip Anisman