Proceedings

PDF Version

PDF Version


 

FILE NO.: 2019-26

IN THE MATTER OF
JEAN-SMAILLE GERMEIL and
FPE TRADING

Raymond Kindiak, Commissioner and Chair of the Panel

October 17, 2019

 

ORDER

(Subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5)

 

WHEREAS the Ontario Securities Commission (the Commission) held a hearing, in writing, to consider a request by Staff of the Commission (Staff) for an order imposing sanctions against Jean-Smaille Germeil (Germeil) and FPE Trading (together, the Respondents) pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act);

ON READING the Merits Decision of the Nova Scotia Securities Commission (the NSSC) dated March 27, 2019, and the Sanctions and Costs Decision and Order of the NSSC dated May 27, 2019 and on reading the materials filed by Staff, the Respondents not having filed any materials, although properly served;

IT IS ORDERED:


1.   Against Germeil that:

  1. trading in any securities or derivatives by Germeil shall cease permanently, other than in securities or derivatives beneficially owned by him, pursuant to paragraph 2 of s. 127(1) of the Act;
  2. any exemptions contained in Ontario securities law do not apply to Germeil permanently, pursuant to paragraph 3 of s. 127(1) of the Act;
  3. Germeil resign any positions that he holds as a director or officer of any issuer, pursuant to paragraph 7 of s. 127(1) of the Act;
  4. Germeil be prohibited permanently from becoming or acting as a director or officer of any issuer, pursuant to paragraph 8 of s. 127(1) of the Act; and
  5. Germeil be prohibited permanently from becoming or acting as a registrant or promoter, pursuant to paragraph 8.5 of s. 127(1) of the Act;

2.     Against FPE Trading that:

  1. trading in any securities or derivatives by FPE Trading cease permanently, other than securities or derivatives beneficially owned by it, pursuant to paragraph 2 of s. 127(1) of the Act;
  2. any exemptions contained in Ontario securities law do not apply to FPE Trading permanently, pursuant to paragraph 3 of s. 127(1) of the Act; and
  3. FPE Trading be prohibited permanently from becoming or acting as a registrant or promoter, pursuant to paragraph 8.5 of s. 127(1) of the Act.

 
" Raymond Kindiak"
Raymond Kindiak