Order: In the Matter of Derek Scheinman

IN THE MATTER OF
DEREK SCHEINMAN

File No. 2023-23

Adjudicator: Sandra Blake (chair of the panel)

November 13, 2023

ORDER

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

WHEREAS the Capital Markets Tribunal held a hearing in writing, to consider a request by Staff of the Ontario Securities Commission for an order imposing sanctions against Derek Scheinman pursuant to subsections 127(1) and 127(10) of the Securities Act (the Act);

ON READING the materials filed by Staff, Scheinman having not filed any materials, though 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 Scheinman cease permanently;
2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, acquisition of any securities by Scheinman 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 Scheinman permanently;
4. pursuant to paragraphs 7, 8.1 and 8.3 of subsection 127(1) of the Act, Scheinman resign any positions that he holds as a director or officer of any issuer or registrant;
5. pursuant to paragraphs 8, 8.2 and 8.4 of subsection 127(1) of the Act, Scheinman 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) of the Act, Scheinman is prohibited permanently from becoming or acting as a registrant or promoter.