FILE NO.: 2017-4
IN THE MATTER OF
DENNIS L. MEHARCHAND
and VALT.X HOLDINGS INC.
Timothy Moseley, Vice-Chair and Chair of the Panel
Robert P. Hutchison, Commissioner
Deborah Leckman, Commissioner
November 9, 2018
(Subsection 127(1) of the
Securities Act, RSO 1990, c S.5)
WHEREAS on November 9, 2018, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, with respect to a motion by Staff of the Commission (Staff) for a temporary order in respect of Dennis L. Meharchand (Meharchand) and Valt.X Holdings Inc. (Valt.X Holdings);
ON READING the Motion Record of Staffand on hearing the submissions of the representativefor Staff, and Meharchand appearing on his own behalf and on behalf of Valt.X Holdings;
IT IS ORDERED THAT:
- Pursuant to paragraphs 2 and 2.1 of subsection 127(1) of the Securities Act, RSO 1990, c S.5, (the Act) Meharchand and Valt.X Holdings are prohibited from trading in or acquiring any securities pending the release of the sanctions decision in this matter; and
- Pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Meharchand and Valt.X Holdings pending the release of the sanctions decision in this matter.
" Timothy Moseley "
" Robert P. Hutchison "
Robert P. Hutchison
" Deborah Leckman "