3 Sixty Risk Solutions Ltd. (SAYFF)

[AskMuncher]

$SAYFF OSC Cease Trade Order
Announcement | 06/18/2020


IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED (the "Act")

AND

IN THE MATTER OF

3 SIXTY RISK SOLUTIONS LTD.

AND

IN THE MATTER OF

THOMAS GERSTENECKER AND ERNEST PETRASOVIC
(individually, a "Respondent" and collectively, the "Respondents")

TAKE NOTICE that the Director made an order under paragraphs 2 and 2.1 of subsection 127(1) of the Act and subsection 127 (4.1) of the Act that the Respondents cease trading in and acquisitions of, whether direct or indirect, the securities of

3 SIXTY RISK SOLUTIONS LTD.

until two full business days following the receipt by the Commission of all filings 3 Sixty Risk Solutions Ltd. is required to make under Ontario securities law, or further order of the Director.

DATED at Toronto this 18th day of June, 2020.

Ontario Securities Commission

"Michael Balter"

Michael Balter
Manager, Corporate Finance Branch

CC: Odyssey Trust Company



IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED (the "Act")

AND

IN THE MATTER OF

3 SIXTY RISK SOLUTIONS LTD.

AND

IN THE MATTER OF

THOMAS GERSTENECKER AND ERNEST PETRASOVIC

ORDER
(Paragraphs 2 and 2.1 of Subsection 127(1) and Subsection 127(4.1))

WHEREAS 3 Sixty Risk Solutions Ltd. (the Reporting Issuer) is a reporting issuer in the Province of Ontario.

AND WHEREAS each of Thomas Gerstenecker and Ernest Petrasovic (individually, a "Respondent" and collectively, the "Respondents") is a director, officer or other insider of the Reporting Issuer and had, or may have had, access to material information with respect to the Reporting Issuer that has not been generally disclosed.

AND WHEREAS the Reporting Issuer failed to file the following continuous disclosure materials as required by Ontario securities law (collectively, the "Default"):

a) audited annual financial statements for the year ended December 31, 2019;
b) management's discussion and analysis relating to the audited annual financial statements for the year ended December 31, 2019; and
c) certification of the foregoing filings as required by National Instrument 52-109 Certification of Disclosure in Issuers' Annual and Interim Filings;

AND WHEREAS the Director is of the opinion that it is in the public interest to make this order;

IT IS ORDERED pursuant to paragraph 2 and paragraph 2.1 of subsection 127(1) and subsection 127(4.1) of the Act that, effective immediately, all trading in and all acquisitions of the securities of the Reporting Issuer, whether direct or indirect, by the Respondents shall cease effective immediately

IT IS FURTHER ORDERED this order shall be revoked two full business days following the receipt by the Commission of all filings the Reporting Issuer is required to make under Ontario securities law, or further order of the Director.

IT IS FURTHER ORDERED under subsection 127(2) of the Act that, if the Reporting Issuer has a website, this order shall be prominently posted on such website.

DATED at Toronto, this 18th day of June, 2020.

Ontario Securities Commission

"Michael Balter"

Michael Balter
Manager, Corporate Finance Branch

Original