IN THE MATTER OF THE SECURITIES ACT,
RSO 1990, c S.5
- AND -
MONEY GATE MORTGAGE INVESTMENT CORPORATION,
MONEY GATE CORP., MORTEZA KATEBIAN
and PAYAM KATEBIAN
NOTICE OF HEARING
(Subsections 127(1) and (5) of the Securities Act)
TAKE NOTICE THAT the Ontario Securities Commission (the “Commission”) will hold a hearing (the “Hearing”) pursuant to section 127 of the Securities Act, RSO 1990, c S.5, (the “Act”) at the offices of the Commission at 20 Queen Street West, 17th Floor, Toronto, Ontario, on April 27, 2017 at 10:00 a.m. or as soon thereafter as the hearing can be held;
TO CONSIDER whether, in the opinion of the Commission, it is in the public interest, pursuant to subsections 127(1) and (5) of the Act, for the Commission to issue a temporary order that:
- pursuant to paragraph 2 of subsection 127(1) of the Act, all trading in securities of Money Gate Mortgage Investment Corporation (“MGMIC”) shall cease;
- pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to MGMIC, Money Gate Corp., Morteza Katebian and Payam Katebian; and
- to make such other orders as the Commission considers appropriate.
BY REASON OF such allegations and evidence as counsel may advise and the Commission may permit;
AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by a representative at the hearing;
AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceedings;
AND TAKE FURTHER NOTICE that the Notice of Hearing is also available in French on request, participation may be in either French or English and participants must notify the Secretary’s Office in writing as soon as possible, and in any event, at least thirty (30) days before a hearing if the participant is requesting a proceeding to be conducted wholly or partly in French; andET AVIS EST ÉGALEMENT DONNÉ PAR LA PRÉSENTE que l'avis d'audience est disponible en français sur demande, que la participation à l'audience peut se faire en français ou en anglais et que les participants doivent aviser le Bureau du secrétaire par écrit le plut tôt possible et, dans tous les cas, au moins trente (30) jours avant l'audience si le participant demande qu'une instance soit tenue entièrement ou partiellement en français.
DATED at Toronto this 19th day of April, 2017.
Secretary to the Commission