Order: In the Matter of Stanislaw A. Pasyk

Order

IN THE MATTER OF
STANISLAW A. PASYK

Timothy Moseley, Vice Chair and Chair of the Panel

File No. 2020-17

July 13, 2020

ORDER

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

WHEREAS the Ontario Securities Commission (the Commission) held a hearing in writing to consider a request by Staff of the Commission (Staff) for an order imposing sanctions against Stanislaw A. Pasyk (Pasyk) pursuant to subsections 127(1) and 127(10) of the Act;

ON READING the materials filed by Staff, and on considering the consent of Pasyk to the order requested by Staff dated May 7, 2020;

IT IS ORDERED THAT:

  1. pursuant to paragraph 2 of subsection 127(1) of the Act, trading in any securities or derivatives by Pasyk shall cease permanently, except that this order does not preclude Pasyk from trading in securities or derivatives in a registered retirement savings plan, registered education savings plan, any registered retirement income funds, and/or tax-free savings account (as defined in the Income Tax Act, RSC, 1985, c 1 (5th Supp)) in which he has a beneficial ownership, provided that he carries out any permitted trading through a registered dealer (which dealer must be given a copy of this order) and through accounts opened in his name or his spouse’s name only, or from disposing to members of his immediate family the securities he currently owns of his spouse’s medical professional corporation at which he is employed;
  2. pursuant to paragraph 2.1 of subsection 127(1) of the Act, acquisition of any securities by Pasyk shall be prohibited permanently, except that this order does not preclude Pasyk from purchasing securities or derivatives in a registered retirement savings plan, registered education savings plan, any registered retirement income funds, and/or tax-free savings account (as defined in the Income Tax Act) in which he has a beneficial ownership, provided that he carries out any permitted acquisitions through a registered dealer (which dealer must be given a copy of this order) and through accounts opened in his name or his spouse’s name only;
  3. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to Pasyk permanently;
  4. pursuant to paragraphs 7 and 8.1 of subsection 127(1) of the Act, Pasyk 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 subsection 127(1) of the Act, Pasyk be 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, Pasyk be prohibited permanently from becoming or acting as a registrant or promoter.
     

Timothy Moseley "
Timothy Moseley