IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
IN THE MATTER OF SHAUN GERARD MCERLEAN,
SECURUS CAPITAL INC., AND
Section 127(1) & 127(7)
WHEREAS on the 12th day of August, 2010, pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), the Ontario Securities Commission (the “Commission”) made the following order against Shaun Gerard McErlean (“McErlean”), Acquiesce Investments (“Acquiesce”) and Securus Capital Inc. (“Securus”) (collectively the “Respondents”);
AND WHEREAS on the 12th day of August, 2010, pursuant to subsection 127(6) of the Act, the Commission ordered that the following temporary order shall expire on the 15th day after its making unless extended by order of the Commission;
AND WHEREAS by Commission order dated August 12, 2010, the Commission made the following temporary order (the “Temporary Order”):
- pursuant to clause 2 of subsection 127(1) of the Act, that trading of securities by the Respondents shall cease; and
- pursuant to clause 3 of subsection 127(1) of the Act, that the exemptions contained in Ontario securities law do not apply to the Respondents;
AND WHEREAS the Commission held a hearing on August 25, 2010;
AND WHEREAS none of the Respondents appeared at the hearing and the Commission is satisfied that the Respondents received adequate notice of the hearing;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make the following order;
IT IS ORDERED that the Temporary Order be extended to September 29, 2010 and this matter be adjourned to September 28, 2010 at 2:30 p.m.
DATED at Toronto this 25th day of August, 2010.
Mary G. Condon