Order: In the Matter of Vernon Ray Fauth

Order
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IN THE MATTER OF
VERNON RAY FAUTH

Wendy Berman, Vice-Chair and Chair of the Panel  

File No. 2020-36

January 21, 2021

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 Vernon Ray Fauth (Fauth) pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act);

ON READING the materials filed by Staff, Fauth not having filed any materials, although properly served;

IT IS ORDERED that:

  1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Fauth cease permanently;
  2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, the acquisition of any securities by Fauth is prohibited permanently;
  3. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Fauth permanently;
  4. pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, Fauth resign any positions he holds as a director or officer of an issuer or registrant;
  5. pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, Fauth is prohibited permanently from becoming or acting as a director or officer of any issuer or registrant; and
  6. pursuant to paragraph 8.5 of subsection 127(1), Fauth is prohibited permanently from becoming or acting as a registrant or promoter.

 

" Wendy Berman "
Wendy Berman