IN THE MATTER OF THE SECURITIES ACT, R.S.O. 1990, c. S.5, AS AMENDED AND IN THE MATTER OF PAUL LESTER STILES
ORDER (Subsections 127(1) and 127(10) of the Securities Act)
WHEREAS on April 23, 2014, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to sections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the "Act") in respect of Paul Lester Stiles ("Stiles");
AND WHEREAS on April 23, 2014, Staff of the Commission ("Staff") filed a Statement of Allegations in respect of the same matter;
AND WHEREAS on May 14, 2014, the Commission heard an application by Staff to convert the matter to a written hearing, in accordance with Rule 11.5 of the Commission's Rules of Procedure (2014), 37 OSCB 4095, and subsection 5.1(2) of the Statutory Powers Procedure Act, R.S.O. 1990, c. S.22, as amended;
AND WHEREAS Stiles did not appear, although properly served as set out in the Affidavit of Service of Lee Crann, sworn May 12, 2014 and filed with the Commission;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
IT IS HEREBY ORDERED THAT:
(a) Staff's application to proceed by way of written hearing is granted;
(b) Staff's materials in respect of the written hearing shall be served and filed no later than May 26, 2014;
(c) Stiles' responding materials, if any, shall be served and filed no later than June 16, 2014; and
(d) Staff's reply materials, if any, shall be served and filed no later than June 23, 2014.
DATED at Toronto this 14th day of May, 2014.