Notice from the Office of the Secretary - IN THE MATTER OF THE SECURITIES ACT R.S.O. 1990, c. S.5, AS AMENDED - and - IN THE MATTER OF REZWEALTH FINANCIAL SERVICES INC., PAMELA RAMOUTAR, JUSTIN RAMOUTAR, TIFFIN FINANCIAL CORPORATION, DANIEL TIFFIN, 2150129 ONTARIO INC., SYLVAN BLACKETT, 1778445 ONTARIO INC. and WILLOUGHBY SMITH

TORONTO, July 18, 2013 /CNW/ - Following the hearing on the merits in the above noted matter, the Commission issued its Reasons and Decision.

The Commission also issued an Order which provides that:

1. Staff shall serve and file written submissions on sanctions and costs by 4:00 p.m. on August 8, 2013;
   
   
2. the Respondents shall serve and file written submissions on sanctions and costs by 4:00 p.m. on August 29, 2013;
   
   
3. Staff shall serve and file reply written submissions on sanctions and costs, if any, by 4:00 p.m. on September 9, 2013;
   
   
4. the hearing to determine sanctions and costs will be held at the offices of the Commission at 20 Queen Street West, 17th floor, Toronto, ON, on September 17, at 10:00 a.m., or such further or other dates as agreed by the parties and set by the Office of the Secretary;
   
   
5. 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 any further notice of the proceeding; and
   
   
6. pursuant to subsections 127(1), (7) and (8) of the Act, the Amended Temporary Order is extended until the conclusion of the sanctions and costs hearing.

A copy of the Reasons and Decision and the Order dated July 17, 2013 are available at www.osc.gov.on.ca

OFFICE OF THE SECRETARY
JOHN P. STEVENSON
SECRETARY

SOURCE: Ontario Securities Commission

For media inquiries:
[email protected]

Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Aly Vitunski
Senior Media Relations Specialist
416-593-8263

Alison Ford
Media Relations Specialist
416-593-8307

For investor inquiries:

OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)