SM00188 - All must admitted to all the allegations for a settlement to be accepted
On 20/11/2014 10:49 AM, TERESA MITCHELL-BANKS WROTE:
The matter is under review. There cannot be any settlement until all the Respondents, individuals and corporate, have admitted all the allegations. Are you all prepared to do so? If the allegations are agreed to then we can propose a settlement on sanction. Any settlement would have to include financial penalties.
FROM: PETER D. HARRIS - Echo Partner Ltd. [mailto:firstname.lastname@example.org] Sent: Thursday, November 20, 2014 10:37 AM To: Mila Pivnenko Cc: Christopher Burke, Director - Echo Partners Ltd; Dr. Michael Kwasnek, Treasurer - Echo Partners Ltd.; John Thibert, Director - Echo Partners Ltd.; Lorne Cire, President & CEO - Echo Partners Ltd.; James Torrance; Teresa Mitchell-Banks Subject: Re: SPYru / Echo Partners ** Appeal for settlement based on humanitarian grounds Importance: High
Appeal for settlement based on humanitarian grounds Good morning Ms. Pivnenko, I'm contacting you today to make sure that our application for SETTLEMENT is still active. If I understand correctly we should be receiving your settlement offer some time in early December? Please confirm this is correct. Cheers, Peter Harris
On 04/11/2014 8:31 PM, PETER D. HARRIS - ECHO PARTNER LTD. WROTE:
Appeal for settlement based on humanitarian grounds
Pursuant to Management Hearing - October 31, 2014
British Columbia Securities Commission Ms. Mila Pivnenko, B.A., J.D.,
Litigation Counsel, Litigation Branch
Good evening Ms. Pivnenko, As agreed at the October 31st Management Hearing, please see attached letter pertaining to
our appeal for settlement agreement. Sincerely, Peter Harris Attached: Echo-129 - APPEAL FOR CASE SETTLEMENT - November 4-14-signed.pdf
Peter D. Harris
Echo Partners Ltd.
On 22/11/2014 3:23 PM, TERESA MITCHELL-BANKS WROTE:
You have indicated that:
1. You will not be attending your hearing
2. You wish to be held in contempt rather than pay fines
3. You do not wish to settle.
1. Hearing Attendance
It is up to you whether you attend your hearing as you have not been summonsed to do so. Your hearing will occur whether you attend or not and we will be seeking financial penalties and orders against you banning you from the markets and being a Diirector.
2.Being held in contempt
As you are under no legal requirement to attend your hearing, you will not be held in contempt. You cannot avoid financial penalties and orders against you by demanding to be sent to jail for contempt.
We confirm you do not wish to settle. If you change your mind, please understand that the preconditions to settlement negotiations concerning the amount of financial penalty and length of the orders against you include that you admit that every paragraph in the NOH is true and that there will be significant financial penalties and length orders issued against you.
More to come..