Director's Decisions

When Registration staff (Staff) recommend that the Director refuse, amend, or suspend registration, or impose terms and conditions on a registration, Staff will provide the applicant with written notice of its recommendation and brief reasons for it. Section 32A of Nova Scotia’s Securities Act provides that the firm or individual may request to be heard by the Director before a decision is made concerning staff’s recommendation. The Director will issue a written decision on the matter to the firm or individual, and to Staff. The firm or individual subsequently has 30 days from the date of the Director’s decision to request a review of said decision.

October 30, 2024 - Notice of Hearing - Adrian Saturley and Adonis Asset Management

October 30, 2024 - Memorandum of Pre-Hearing Conference - Adrian Saturley and Adonis Asset Management

October 9, 2024 - Notice of Pre-Hearing Conference - Adrian Saturley and Adonis Asset Management

October 4, 2024 - Reasons for Decision - Adrian Saturley and Adonis Asset Management

April 2, 2024 - Memoradum of Pre-Hearing Conference - Adrian Saturley and Adonis Asset Management

February 28, 2024 - Notice of Pre-Hearing Conference - Adrian Saturley and Adonis asset Management

February 23, 2024 - Notice of Pre-Hearing Conference - Adrian Saturley and Adonis asset Management

February 16, 2023 - In the Matter of Adrian Saturley and Adonis Asset Management (Reasons for Decision on Hearing and Review of Director's Decision)

February 14, 2022 - In the Matter of the Applications for Registration of Adonis Asset Management and Adrian Saturley (Director's Decision)

Accompanying Documents:

May 31, 2022 - Notice of Pre-Hearing Conference
August 2, 2022 - Memo of Pre-Hearing Conference
August 23, 2022 - Reasons for Decision on Pre-Hearing Conference Application
February 1, 2024 - Nova Scotia Court of Appeal Order for Judgement

August 19, 2010 - In the Matter of TurnPointe Wealth Management Inc. and Fredrick Saturley (Review of Director's Decision)
Accompanying Documents:

April 29, 2010 - Notice of Hearing
May 13, 2010 - Notice of Pre-Hearing Clearance
May 21, 2010 - Notice of Hearing

April 6, 2010 - In the Matter of TurnPointe Wealth Management Inc. and Fredrick Saturley (Director's Decision)

Failure to file annual financial statements.
Failure to file interim financial statements.
Failure to file an annual or interim management’s discussion and analysis (MD&A) or an annual or interim management report of fund performance (MRFP).
Failure to file an Annual Information Form (AIF).
Failure to file a certification of annual or interim filings required by Multilateral Instrument 52-109 Certification of Disclosure in Issuers’ Annual and Interim Filings (MI 52-109).
Failure to file required proxy materials or a required information circular.
Failure to file an issuer profile supplement on the System for Electronic Disclosure by Insiders (SEDI).
Failure to file a material change report.
Failure to provide a written update after filing a confidential report of a material change.
Failure to file a business acquisition report.
Failure to file annual oil and gas disclosure prescribed by National Instrument 51-101 Standards of Disclosure of Oil and Gas Activities (NI 51-101) or technical reports for a mineral project required under NI 43-101 Standards of Disclosure for Mineral Projects (NI 43-101).
Failure to file a mandatory news release.
Failure to file corporate governance disclosure as required by national Instrument 58-101 Disclosure of Corporate Governance Practices (NI 58-101).
Failure to file audit committee disclosure as required by Multilateral Instrument 52-110 Audit Committees (MI 52-110) or BC Instrument 52-509 Audit Committees.
Failure to include disclosure in an issuer’s MD&A relating to disclosure controls and procedures and their direct effectiveness that is referred to in a certificate filed under MI 52-109.
Financial statements of the reporting issuer, or the auditors’ report accompanying the financial statements, do not comply with the requirements of NI 51-102 Continuous Disclosure Obligations (NI 51-102), National Instrument 81-106 Investment Fund Continuous Disclosure (NI 81-106) or National Instrument 52-107 Acceptable Accounting Principles, Auditing Standards and Reporting Currency (NI 52-107).
The reporting issuer has acknowledged that its financial statements, or the auditors’ report accompanying the financial statements, may no longer be relied upon.
The reporting issuer’s AIF, MD&A, MRFP, information circular, or business acquisition reports do not contain information for each of the content items required by NI 51-102 or NI 81-106.
The reporting issuer’s technical disclosure or other reports do not comply with the disclosure requirements of NI 43-101 or 51-101.
Failure to pay a fee required by the Act or the regulations.
Failure to comply with any other requirement related to continuous disclosure.