IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
- AND -
IN THE MATTER OF BLUESTREAM CAPITAL CORPORATION,
BLUESTREAM INTERNATIONAL INVESTMENTS INC.,
KROWN CONSULTING CORP., 1859585 ONTARIO LTD. (operating as SOVEREIGN INTERNATIONAL INVESTMENTS) and PETER BALAZS
(Sections 127 & 127.1)
WHEREAS on March 12, 2014, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), in connection with a Statement of Allegations filed by Staff of the Commission (“Staff”) on March 11, 2014, in respect of Bluestream Capital Corporation (“Bluestream Capital”), Bluestream International Investments Inc. (“Bluestream International”), Krown Consulting Corporation (“Krown Consulting”), 1859585 Ontario Inc. (operating as Sovereign International Investment) (“Sovereign International”) (together, the “Corporate Respondents”) and Peter Balazs (“Balazs”) (collectively, the “Respondents”).
AND WHEREAS on June 26, 2014, the Commission ordered that the hearing on the merits commence on January 12, 2015 at 10:00 a.m. at the offices of the Commission;
AND WHEREAS on December 29, 2014, the Commission converted this matter to a hearing in writing;
AND WHEREAS on March 4, 2015, the Commission issued its Reasons and Decision on the merits in this matter;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS ORDERED THAT:
- The Respondents have until March 16, 2015, to notify the Secretary of the Commission that they, or any of them, require an oral sanctions hearing, which, if required, will then be scheduled by the Secretary;
- Failing notification, Staff shall serve and file its written submissions on sanctions and costs by March 23, 2015;
- The Respondents shall serve and file their written submissions on sanctions and costs by April 20, 2015; and
- Staff shall serve and file reply submissions on sanctions and costs, if any, by April 27, 2015.
DATED at Toronto this 4th day of March, 2015.
Alan J. Lenczner