IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
SYSTEMATECH SOLUTIONS INC., APRIL VUONG AND HAO QUACH
(Subsections 127(1) & 127(5))
WHEREAS on December 15, 2011, the Ontario Securities Commission (the “Commission”) issued a temporary cease trade order (the “Temporary Order”) pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) with respect to Systematech Solutions Inc. (“Systematech”), April Vuong (“Vuong”), and Hao Quach (“Quach”), ordering that:
- Pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities by Systematech, Vuong and Quach shall cease; and,
- Pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of Systematech shall cease;
AND WHEREAS the investigation by Staff of the Commission (“Staff”) into alleged violations of the Act by Systematech, Vuong, and Quach is ongoing;
AND WHEREAS counsel for Systematech, Vuong, and Quach has advised the Commission that Systematech, Vuong, and Quach consent to the extension of the Temporary Order until January 31, 2012;
AND WHEREAS the Commission is of the opinion that it is in the public interest to extend the Temporary Order;
AND WHEREAS by Commission order made July 14, 2011 pursuant to section 3.5(3) of the Act, any one of Howard I. Wetston, James E. A. Turner, Kevin J. Kelly, James D. Carnwath, Mary G. Condon, Paulette L. Kennedy, Vern Krishna, Christopher Portner and Edward P. Kerwin, acting alone, is authorized to make orders under section 127 of the Act;
IT IS ORDERED pursuant to subsection 127(7) of the Act that the Temporary Order is extended until January 31, 2012;
IT IS FURTHER ORDERED that the hearing to consider the extension of the Temporary Order is adjourned to January 30, 2012 at 1:30 pm. or to such other date or time as set by the Office of the Secretary and agreed to by the parties.
DATED at Toronto this 22nd day of December, 2011.
James E.A. Turner