Notice of Hearing: In the Matter of Global Consulting and Financial Services et al.
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
GLOBAL CONSULTING AND FINANCIAL SERVICES, CROWN
CAPITAL MANAGEMENT CORPORATION, CANADIAN PRIVATE
AUDIT SERVICE, EXECUTIVE ASSET MANAGEMENT, MICHAEL
CHOMICA, PETER KUTI, JAN CHOMICA, AND LORNE BANKS
NOTICE OF HEARING
Sections 127(7) and 127(8)
WHEREAS on November 4, 2010, the Ontario Securities Commission (the "Commission") issued a 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: that Global Consulting and Financial Services (“Global”), Crown Capital Management Corporation (“Crown”), Canadian Private Audit Service (“CPAS”), Executive Asset Management (“EAM”), Jan Chomica, Michael Chomica, Peter Kuti (“Kuti) and Lorne Banks (“Banks”) cease trading in all securities; and that any exemptions contained in Ontario securities law do not apply to Global, Crown, CPAS, EAM, Jan Chomica, Michael Chomica, Kuti and Banks (the “Temporary Order”);
TAKE NOTICE THAT the Commission will hold a hearing pursuant to subsections 127(7) and (8) of the Act at the offices of the Commission, 20 Queen Street West, 17th Floor, commencing on November 17th, 2010 at 3:00 p.m., or as soon thereafter as the hearing can be held;
TO CONSIDER whether it is in the public interest for the Commission:
- to extend the Temporary Order pursuant to subsections 127(7) and (8) of the Act until the conclusion of the hearing, or until such further time as considered necessary by the Commission;
- to make such further orders as the Commission considers appropriate;
BY REASON OF the facts recited in the Temporary Order and of such allegations and evidence 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 further notice of the proceeding.
DATED at Toronto this 4th day of November, 2010.
Secretary to the Commission