Order: In the Matter of Frank Andrew Devcich and Gobinder Kular Singh

Order
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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED

- AND -

IN THE MATTER OF
FRANK ANDREW DEVCICH AND GOBINDER KULAR SINGH

ORDER



    WHEREAS on March 22, 2012, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) in respect of Frank Andrew Devcich (“Devcich”) and Gobinder Kular Singh (“Singh”) (together the “Respondents”);

    AND WHEREAS on March 22, 2012, Staff of the Commission (“Staff”) filed a Statement of Allegations in respect of the same matter;

    AND WHEREAS the Commission ordered on April 20, 2012, that the hearing of this matter be adjourned to May 15, 2012;

    AND WHEREAS on May 8, 2012, the Commission issued an Amended Notice of Hearing in this matter pursuant to subsections 127(1) and 127(10) of the Act;

    AND WHEREAS on May 15, 2012, a hearing was held, at which Staff appeared and made submissions, and no one appeared on behalf of the Respondents;

    AND WHEREAS counsel for Devcich and counsel for Singh provided Staff with consent on behalf of Devcich and Singh, respectively, to the oral hearing in this matter continuing as a written hearing;

    AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

    IT IS ORDERED THAT:

  1. Pursuant to Rule 11.5 of the Commission’s Rules of Procedure (2010), 33 O.S.C.B. 8017, the oral hearing in this matter shall continue as a written hearing;
  2. Staff of the Commission shall serve upon each Respondent and file with the Commission any evidence or submissions Staff wish the panel to consider on or before May 18, 2012;
  3. If necessary, in the discretion of the panel, the panel will reconvene and the hearing of the matter will continue as an oral hearing on May 24, 2012, at 2:00 p.m. to address any questions the panel may have.

DATED at Toronto this 15th day of May, 2012.

 

" Edward P. Kerwin "
Edward P. Kerwin