Discovery Question to be Answered, Settlement Hearing to Proceed
Nova Scotia Securities Commission
October 1, 2012 2:43 PM
The Nova Scotia Securities Commission has decided that Brian Connell-Tombs can be asked, and is required to answer, a question about his knowledge of why the commission did not start a proceeding against National Bank Financial Limited.
Mr. Connell-Tombs was asked the question at discovery in commission proceeding for Knowledge House Inc. The commission panel decided the question calls for relevant information in the proceeding.
The commission panel made its decision April 17. It included an order that it be held in confidence until a settlement agreement with National Bank has been made public through the normal settlement approval process. On Sept. 27, the commission issued a Notice of Hearing to National Bank to consider the settlement agreement.
The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities in the province. To view the decision visit www.gov.ns.ca/nssc/compliancenforce/enforproceedings.asp .
FOR BROADCAST USE:
The Nova Scotia Securities Commission has decided that Brian
Connell-Tombs can be asked, and is required to answer, a question
about his knowledge of why the commission did not start a
proceeding against National Bank Financial Limited.
The decision was held in confidence until a settlement
agreement with National Bank has been made public through the
normal settlement approval process.
-30-
Media Contact: Tanya Wiltshire
Nova Scotia Securities Commission
902-424-8586
E-mail: wiltshth@gov.ns.ca
The Nova Scotia Securities Commission has decided that Brian Connell-Tombs can be asked, and is required to answer, a question about his knowledge of why the commission did not start a proceeding against National Bank Financial Limited.
Mr. Connell-Tombs was asked the question at discovery in commission proceeding for Knowledge House Inc. The commission panel decided the question calls for relevant information in the proceeding.
The commission panel made its decision April 17. It included an order that it be held in confidence until a settlement agreement with National Bank has been made public through the normal settlement approval process. On Sept. 27, the commission issued a Notice of Hearing to National Bank to consider the settlement agreement.
The Nova Scotia Securities Commission is the provincial government agency responsible for regulating trading in securities in the province. To view the decision visit www.gov.ns.ca/nssc/compliancenforce/enforproceedings.asp .
FOR BROADCAST USE:
The Nova Scotia Securities Commission has decided that Brian
Connell-Tombs can be asked, and is required to answer, a question
about his knowledge of why the commission did not start a
proceeding against National Bank Financial Limited.
The decision was held in confidence until a settlement
agreement with National Bank has been made public through the
normal settlement approval process.
-30-
Media Contact: Tanya Wiltshire
Nova Scotia Securities Commission
902-424-8586
E-mail: wiltshth@gov.ns.ca