IT IS HEREBY ORDERED THAT:
(a) pursuant to clause 2 of subsection 127(1) of the Act, Sulja Nevada,
Vucicevich, Kore Canada and DeVries shall cease trading in securities
permanently;
(b) pursuant to clause 2 of subsection 127(1) of the Act, Steven Sulja and Sam
Sulja shall cease trading in securities for a period of 15 years;
(c) pursuant to clause 2 of subsection 127(1) of the Act, Shah and Banumas
shall cease trading in securities for a period of 5 years;
(d) pursuant to clause 2.1 of subsection 127(1) of the Act, the acquisition of
any securities by Sulja Nevada, Vucicevich, Kore Canada and DeVries is
prohibited permanently;
(e) pursuant to clause 2.1 of subsection 127(1) of the Act, the acquisition of
any securities by Steven Sulja and Sam Sulja is prohibited for a period of
15 years;
(f) pursuant to clause 2.1 of subsection 127(1) of the Act, the acquisition of
any securities by Shah and Banumas is prohibited for a period of 5 years;
3
(g) pursuant to clause 3 of subsection 127(1) of the Act, any exemptions
contained in Ontario securities law do not apply to Sulja Nevada,
Vucicevich, Kore Canada and DeVries permanently;
(h) pursuant to clause 3 of subsection 127(1) of the Act, any exemptions
contained in Ontario securities law do not apply to Steven Sulja and Sam
Sulja for a period of 15 years;
(i) pursuant to clause 3 of subsection 127(1) of the Act, any exemptions
contained in Ontario securities law do not apply to Shah and Banumas for
a period of 5 years;
(j) pursuant to clause 6 of subsection 127(1) of the Act, each of Vucicevich,
DeVries, Steven Sulja, Shah, Banumas and Sam Sulja is reprimanded;
(k) pursuant to clause 7 of subsection 127(1) of the Act, Vucicevich, DeVries,
Steven Sulja, Shah, Banumas and Sam Sulja shall resign all positions that
they may hold as a director or officer of an issuer;
(l) pursuant to clause 8 of subsection 127(1) of the Act, Vucicevich and
DeVries are prohibited permanently from becoming or acting as a director
or officer of any issuer;
(m) pursuant to clause 8 of subsection 127(1) of the Act, Steven Sulja and Sam
Sulja are prohibited from becoming or acting as a director or officer of any
issuer for a period of 15 years;
(n) pursuant to clause 8 of subsection 127(1) of the Act, Shah and Banumas
are prohibited from becoming or acting as a director or officer of any
issuer for a period of 5 years;
(o) pursuant to clause 8.1 of subsection 127(1) of the Act, Vucicevich,
DeVries, Steven Sulja, Shah, Banumas and Sam Sulja shall resign all
positions that they may hold as a director or officer of a registrant;
(p) pursuant to clause 8.2 of subsection 127(1) of the Act, Vucicevich and
DeVries are prohibited permanently from becoming or acting as a director
or officer of any registrant;
(q) pursuant to clause 8.2 of subsection 127(1) of the Act, Steven Sulja and
Sam Sulja are prohibited from becoming or acting as a director or officer
of any registrant for a period of 15 years;
(r) pursuant to clause 8.2 of subsection 127(1) of the Act, Shah and Banumas
are prohibited from becoming or acting as a director or officer of any
registrant for a period of 5 years;
(s) pursuant to clause 9 of subsection 127(1) of the Act, Vucicevich and
DeVries shall each pay an administrative penalty of $750,000;
(t) pursuant to clause 9 of subsection 127(1) of the Act, Steven Sulja and Sam
Sulja shall each pay an administrative penalty of $125,000;
(u) pursuant to clause 9 of subsection 127(1) of the Act, Shah and Banumas
shall each pay an administrative penalty of $5,000;
(v) pursuant to clause 10 of subsection 127(1) of the Act, Sulja Nevada,
Vucicevich, Kore Canada and DeVries shall disgorge to the Commission
$5.6 million on a joint and several basis, to be allocated to or for the
benefit of third parties pursuant to subsection 3.4(2)(b) of the Act;
(w) pursuant to section 127.1 of the Act, Sulja Nevada, Kore Canada and
DeVries shall jointly and severally pay to the Commission, the
Commission’s costs of hearing of this matter in the amount of $235,000;
and
(x) pursuant to section 127.1 of the Act, Vucicevich, Steven Sulja and Sam
Sulja shall each pay to the Commission, the Commission’s costs of
hearing of this matter in the amount of $25,000.
DATED at Toronto on this 29th day of June, 2011.
_____________________ _____________________
Patrick J. LeSage, Q.C. Sinan O. Akdeniz
osc.gov.on.ca |
