Order: Money Gate Mortgage Investment Corporation et al.
IN THE MATTER OF
MONEY GATE MORTGAGE INVESTMENT CORPORATION,
MONEY GATE CORP., MORTEZA KATEBIAN
and PAYAM KATEBIAN
Timothy Moseley, Vice-Chair and Chair of the Panel
January 11, 2018
(Subsection 127(8) Securities Act, RSO 1990, c S.5)
WHEREAS on January 11, 2018, the Ontario Securities Commission held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, in relation to a motion by Staff of the Commission (Staff) for an order that paragraph 1 of the order issued April 27, 2017 in this matter (the Temporary Order) and extended until January 12, 2018, be extended until the conclusion of the hearing on the merits regarding the allegations contained in the Statement of Allegations filed by Staff with the Commission on December 19, 2017 and the Notice of Hearing issued by the Commission on December 21, 2017 in respect of that Statement of Allegations (the Merits Hearing);
ON READING the materials filed by Staff and hearing the submissions of the representatives for Staff and the respondents, and considering the consent of the respondents to the making of this order;
IT IS ORDERED THAT pursuant to subsection 127(8) of the Securities Act, RSO 1990, c S.5, paragraph 1 of the Temporary Order is extended until the conclusion of the Merits Hearing.