Order: In the Matter of Donald Bruce Wilson et al.

Order
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IN THE MATTER OF
DONALD BRUCE WILSON, DAVID SCOTT WRIGHT
and PATRICK K. PRINSTER

Lawrence P. Haber, Commissioner and Chair of the Panel

File No. 2020-27

September 22, 2020

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 writingto consider a request by Staff of the Commission (Staff) for an order imposing sanctions against Donald Bruce Wilson (Wilson), David Scott Wright (Wright) and Patrick K. Prinster (Prinster) (together, the Respondents) pursuant to subsections 127(1) and 127(10) of the Securities Act, RSO 1990, c S.5 (the Act);

ON READING the Findings of the British Columbia Securities Commission (the BCSC) dated April 30, 2019 and the order of the BCSC dated September 20, 2019 and on reading the materials filed by Staff, the Respondents not having filed any materials, although properly served;

IT IS ORDERED THAT:

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

 

" Lawrence P. Haber "
Lawrence P. Haber