(加拿大新闻商业网www.newnews.ca 3月19日讯)安省证监会于3月17日发出临时命令，鉴于唐炜臻本人及其所属系列公司涉嫌违反安省证券投资法，唐炜臻本人及其所属公司必须暂时停止进行任何证券交易15天，在这个期限之内唐炜臻所属公司的股权也不得交易转换，安省证监会将于4月1日举行聆讯，看将临时命令的期限延长是否符合公众利益。
唐炜臻本人在回应加拿大新闻商业网记者求证时表示，安省证监会在发出通告前已经通知他的公司，有关事务已经交由律师处理，他现在不便发表任何评论。
证监会的通告指出，由于唐炜臻（Wei Zhen Tang）个人、唐炜臻理财与信息咨询公司（WeiZhen Tang and Associates Inc）、唐炜臻集团（WeiZhen Tang Corp）及海外华人基金（Oversea Chinese Fund Limited Partnership) 可能在没有注册的情况下向投资人提供投资建议，或者充当基金经理的角色，涉嫌违反安省证券法（Securities Act）第25条；
唐炜臻及所属公司可能没有向证监会申报证券交易说明，或者没有发出收据，违反了证券法第53条。
安省证监会是基于保护公众利益发出上述通知。
证监会的临时命令包括：
1、唐炜臻及其所属公司的股权交易要停止；
2、唐炜臻及其所属公司禁止进行任何证券交易；
3、 安省证券法第127条第1款中的豁免条例，并不适用于唐炜臻及其所属公司；
4、这项临时命令从公布日起立即生效，到第15天截止，除非安省证监会颁布新的延期命令。
http://newnews.ca/portal/web/level3.php?id=20276
Notice from the Office of the Secretary
Ontario Securities Commission
20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l’Ontario
FOR IMMEDIATE RELEASE
March 19, 2009
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
– AND –
IN THE MATTER OF OVERSEA CHINESE FUND LIMITED
PARTNERSHIP, WEIZHEN TANG AND ASSOCIATES INC.,
WEIZHEN TANG CORP. AND WEIZHEN TANG
TORONTO – The Office of the Secretary issued a Notice of Hearing on March 18, 2009 setting the matter down to be heard on April 1, 2009 at 2:00 p.m. to consider whether it is in the public interest for the Commission:
(1) to extend the Temporary Order made March 17, 2009 until the conclusion of the hearing, pursuant to section 127(7) of the Act or until such other time as ordered by the Commission; and
(2) to make such further orders as the Commission deems appropriate.
A copy of the Notice of Hearing dated March 18, 2009 and Temporary Order dated March 17, 2009 are available at www.osc.gov.on.ca
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
– 30 –
For media inquiries: Wendy Dey
Director, Communications & Public Affairs
416-593-8120
Laurie Gillett
Manager, Public Affairs
416-595-8913
Carolyn Shaw-Rimmington
Assistant Manager, Public Affairs
416-593-2361
For Investor Inquiries: OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)
http://www.osc.gov.on.ca/Enforcement/Proceedings/ENR/enr_20090319_oversea.jsp
Notice of Hearing dated March 18, 2009
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c.S.5, AS AMENDED
AND
IN THE MATTER OF OVERSEA CHINESE FUND LIMITED
PARTNERSHIP, WEIZHEN TANG AND ASSOCIATES INC.,
WEIZHEN TANG CORP. AND WEIZHEN TANG
NOTICE OF HEARING
Section 127 and Section 127.1
WHEREAS on the 17th day of March, 2009, the Ontario Securities Commission (the “Commission”) ordered:
1.pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc. and Weizhen Tang Corp. shall cease;
2.pursuant to clause 2 of subsection 127(1) of the Act that all trading by Weizhen Tang, Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc. and Weizhen Tang Corp. shall cease; and
3.pursuant to clause 3 of subsection 127(1) of the Act that the exemptions contained in Ontario securities law do not apply to Weizhen Tang, Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc. and Weizhen Tang Corp.; (the “Temporary Order”);
AND WHEREAS the Commission further ordered as part of the Temporary Order that, pursuant to subsection 127(6) of the Act, the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by the Commission;
TAKE NOTICE that the Commission will hold a hearing pursuant to sections 127 and 127.1 of the Act at its offices at 20 Queen Street West, 17th Floor Hearing Room on Wednesday, the 1st day of April, 2009 at 2:00 p.m. or as soon thereafter as the hearing can be held;
TO CONSIDER whether, pursuant to sections 127 and 127.1 of the Act, it is in the public interest for the Commission to:
1.extend the Temporary Order made March 17th, 2009 until the conclusion of the hearing in this matter, pursuant to section 127(7) of the Act or until such other time as ordered by the Commission; and
2.to make such further orders as the Commission deems appropriate;
BY REASON OF the facts cited in the Temporary Order and such further additional allegations as counsel may advise and the Commission may permit;
AND TAKE FURTHER NOTICE that any party to the proceedings may be represented by counsel at the hearing;
AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.
DATED at Toronto this 18th day of March, 2009.
” John Stevenson ”
John Stevenson
Secretary
http://www.osc.gov.on.ca/Enforcement/Proceedings/NOH/noh_20090318_oversea.jsp
http://www.osc.gov.on.ca/Enforcement/Proceedings/NOH/noh_20090318_oversea.pdf
Temporary Order dated March 17, 2009
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF OVERSEA CHINESE FUND LIMITED
PARTNERSHIP, WEIZHEN TANG AND ASSOCIATES INC.,
WEIZHEN TANG CORP. AND WEIZHEN TANG
TEMPORARY ORDER
Section 127(1) & 127(5)
WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:
1.Oversea Chinese Fund Limited Partnership (“Oversea”) is a limited partnership;
2.Weizhen Tang and Associates Inc. (“Associates”) is the General Partner of Oversea;
3.Weizhen Tang Corp. (“Corp.”) is a corporation incorporated pursuant to the laws of Ontario;
4.Weizhen Tang (“Tang”) is an individual who resides in Ontario;
5.Tang, Oversea, Associates and Corp. have raised funds in Canada, the United States and mainland China;
6.Tang, Oversea, Associates and Corp. may have provided investment advice and acted as a portfolio manager without being registered to do so, contrary to section 25 of the Securities Act, R.S.O. 1990, c. S-5 (the “Act”);
7.Tang, Oversea, Associates and Corp. may have traded in securities without a prospectus having been filed or a receipt issued, contrary to section 53 of the Act;
AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in s. 127(5) of the Act;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
AND WHEREAS by Authorization Order made April 1, 2008, pursuant to subsection 3.5(3) of the Act, the Commission authorized each of W. David Wilson, James E. A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, to exercise the powers of the Commission to make Orders under section 127 of the Act;
IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc. and Weizhen Tang Corp. shall cease.
IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading by Weizhen Tang, Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc. and Weizhen Tang Corp. shall cease.
IT IS FURTHER ORDERED that pursuant to clause 3 of subsection 127(1) of the Act that the exemptions contained in Ontario securities law do not apply to Weizhen Tang, Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc. and Weizhen Tang Corp.
IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.
Dated at Toronto this 17th day of March, 2009
“David Wilson”
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20090317_oversea.jsp
http://www.osc.gov.on.ca/Enforcement/Proceedings/RAD/rad_20090317_oversea.pdf
Notice from the Office of the Secretary
Press Release /Source: Ontario Securities Commission
Notice from the Office of the Secretary – In the matter of the Securities Act R.S.O. 1990, c. S.5, as amended – And – In the matter of Oversea Chinese Fund Limited Partnership, Weizhen Tang and Associates Inc., Weizhen Tang Corp. and Weizhen Tang
Thursday March 19, 12:02 pm ET
TORONTO, March 19 /CNW/ – The Office of the Secretary issued a Notice of Hearing on March 18, 2009 setting the matter down to be heard on April 1, 2009 at 2:00 p.m. to consider whether it is in the public interest for the Commission:
(1) to extend the Temporary Order made March 17, 2009 until the conclusion of the hearing, pursuant to section 127(7) of the Act or until such other time as ordered by the Commission; and
(2) to make such further orders as the Commission deems appropriate.
A copy of the Notice of Hearing dated March 18, 2009 and Temporary Order dated March 17, 2009 are available at www.osc.gov.on.ca
OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY
For further information
For media inquiries: Wendy Dey, Director, Communications & Public Affairs, (416) 593-8120
Laurie Gillett, Manager, Public Affairs, (416) 595-8913
Carolyn Shaw-Rimmington, Assistant Manager, Public Affairs, (416) 593-2361
For investor inquiries: OSC Contact Centre, (416) 593-8314, 1-877-785-1555 (Toll Free)
——————————————————————————–
Source: Ontario Securities Commission
http://biz.yahoo.com/cnw/090319/osc_notice_oversea.html?.v=1
http://www.newswire.ca/en/releases/archive/March2009/19/c2454.html
