Order: In the Matter of Rezwealth Financial Services Inc. et al.

Order

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED

- and -

IN THE MATTER OF

REZWEALTH FINANCIAL SERVICES INC., PAMELA RAMOUTAR,
CHRIS RAMOUTAR, JUSTIN RAMOUTAR,
TIFFIN FINANCIAL CORPORATION, DANIEL TIFFIN,
2150129 ONTARIO INC. and SYLVAN BLACKETT

ORDER
Sections 127(1), 127(7) and 127(8)


WHEREAS on December 22, 2009 the Ontario Securities Commission (the “Commission”) issued a temporary cease trade order (the “Temporary Order”) pursuant to subsections 127(1) and 127(5) of the Securities Act, R.S.O. 1990 c S-5, as amended (the “Act”) ordering the following:

  1. that all trading in any securities by Rezwealth Financial Services Inc. (“Rezwealth”), Tiffin Financial Corporation (“Tiffin Financial”), 2150129 Ontario Inc. (“215 Inc.”) or their agents or employees shall cease;
  2. that all trading in any securities by Pamela Ramoutar (“Pamela”), Chris Ramoutar (“Chris”), Justin Ramoutar (“Justin”), Daniel Tiffin (“Tiffin”) and Sylvan Blackett (“Blackett”) shall cease;
  3. that the exemptions contained in Ontario securities law do not apply to Rezwealth, Tiffin Financial, and 215 Inc. or their agents or employees; and
  4. that the exemptions contained in Ontario securities law do not apply to Pamela, Chris, Justin, Tiffin and Blackett;

AND WHEREAS on December 22, 2009 the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by the Commission;

AND WHEREAS on December 22, 2009 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on January 6, 2010 at 11 am (the “Notice of Hearing”);

AND WHEREAS Staff of the Commission (“Staff”) have served Rezwealth, Pamela, Chris, Justin, Tiffin Financial, Tiffin, 215 Inc. and Blackett with copies of the Temporary Order, the Notice of Hearing and the Hearing Brief as evidenced by the Affidavit of Service of David Adler sworn on December 23, 2009, the Affidavits of Service of Kathleen McMillan, Tony Costa, Man Ho Herman Tsui, Geovanny Lopez, Gary Rule and Harvey Kielly sworn on January 5, 2010;

AND WHEREAS the Commission held a Hearing on January 6, 2010;

AND WHEREAS Rezwealth, Pamela, Chris and Justin did not attend the Hearing although properly served (the “Rezwealth Respondents”) and Staff advised the Commission that the Rezwealth Respondents were in the process of retaining counsel;

AND WHEREAS 215 Inc. and Blackett did not attend the Hearing although properly served;

AND WHEREAS Tiffin and Tiffin Financial attended the Hearing and consented to the extension of the Temporary Order on the terms hereof, and Tiffin advised the Commission that he is in the process of retaining counsel;

AND WHEREAS the Commission reviewed the Affidavit of Michael Ho sworn December 30, 2009;

AND WHEREAS the Commission heard submissions from counsel for Staff and reviewed correspondence from counsel for the Rezwealth Respondents;

AND WHEREAS the Rezwealth Respondents did not oppose the extension of the Temporary Order to June 22, 2010;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

IT IS HEREBY ORDERED pursuant to subsections 127(7) and 127(8) of the Act that the Temporary Order is extended to June 22, 2010; and specifically:

  1. that all trading in any securities by Rezwealth, Tiffin Financial and 215 Inc. shall cease;
  2. that all trading in any securities by Pamela, Chris, Justin, Tiffin and Blackett shall cease;
  3. that the exemptions contained in Ontario securities law do not apply to Rezwealth, Tiffin Financial, 215 Inc. or their agents or employees;
  4. that the exemptions contained in Ontario securities law do not apply to Pamela, Chris, Justin, Tiffin and Blackett; and
  5. that this Order shall not affect the right of any Respondent to apply to the Commission to clarify, amend, or revoke this Order upon five days written notice to Staff of the Commission; and

IT IS FURTHER ORDERED that the Hearing is adjourned to Monday, June 21, 2010 at 10:00 am.

Dated at Toronto this 6th day of January, 2010

"James E. A. Turner"
James E. A. Turner