25 reasons to stop the extension of OSC cease order

25 reasons to stop the extension of OSC cease order— all of them ignored by the O.S.C. on FRIDAY, NOVEMBER 13, 2009, AT ITS LATEST HEARING 1. Over 6 months ago, the OSC charged Weizhen Tang with a number of purported crimes. The OSC has no forensic accounting and no evidence of fraud, nor any money to offer Tang’s investors. It has foolishly suspected Weizhen Tang of some of the worst financial crimes in Canadian financial history. 2. On the contrary, Weizhen Tang could actually be a role model and new industry standard for investors and the public; a man who always played his clients’ interest first, and always openly accepting responsibility for any losses—and for the many wins he brought to them for a decade-and-a-half. 3. Weizhen Tang traded for 15 years, proving to be one of e-trades best clients for many of them. Over the two years preceding his problems in early 2009, he was on the board of advisory of a major firm and was a great supporter of numerous charities and public events. 4. Weizhen Tang made major contributions to the Canadian financial industry over several years, paying millions of dollars in fees to people in the industry and creating many jobs for both banks in particular and the investment community in general. 5. Weizhen Tang had no problems with any financial institutions in the past, always following all their rules and standards, and has been a superior corporate citizen for these many years. 6. Exchange Trading is open, legal and a transparent system and practice. The cease trade order imposed on Weizhen Tang hurt everyone—his clients and Tang himself. Everyone, it appears, except the Ontario Securities Commission. 7. Weizhen Tang is an extremely sophisticated trader, often proving to be one of the best in the world; a man open for both competition and examination 8. Weizhen Tang is well-known in his field, popular among investors, both safe and trustworthy. 9. Weizhen Tang understands the industry exceedingly well, so that he is open to all compliance, regulations, and restrictions. 10. Weizhen Tang, as a thoughtful trader, would not think of hurting anybody, as unpleasantly suggested by the well-publicized charges and investigation. 11. Weizhen Tang never violated any trading rules, as he has proven himself capable of great success without cutting any legal or regulatory corners. 12. The traditional ponzi schemer does not choose to trade, need to trade, nor know how to trade. Weizhen Tang is eager to trade again, supported by a large percentage of his clients. 13. Trade is the key to this case, which makes it clear that Weizhen Tang is no ponzi schemer nor ponzi-style criminal. 14. An order of cease trade is a pre-punishment, highly destructive to any possibility of a fair trial for an innocent individual. 15. The OSC cease order was and is devastating , not only to Weizhen Tang and his once-thriving business, but, most important, to his revered and honoured investors 16. The OSC cease order did not protect investors and public, but was rather hurtful and destructive to all. 17. Trading on the markets of the world was and is the only way for Weizhen Tang to continue his respected business and pay back his investors. 18. Investors who have been suffering because of the OSC cease order and other actions, and should wait no longer to see justice. 19. The OSC has its own agenda, image and interest, with little thought or concern for the rights of investors and the public interest. 20. The OSC mainly protects banks and other large financial institutions, while injuring individual investors. One can legitimately feel that the OSC has become the enemy of small business and individual investors. 21. It is informative that a large percentage of Weizhen Tang’s investors have always supported him to continue to trade for them, even after he was under investigation and hit with his unfortunate and unfair cease order. 22. One can imagine a tragic new slogan for the Ontario Securities Commission and the American Securities Exchange Commission, after the way they have treated Weizhen Tang: “Too big to fail and too small to save.” 23. After the fiasco of dozens of investigators failing to recognize the obvious and horrific multi-billion-dollar actual Ponzi scheme of Wall Street’s one-time hero Bernard Madoff, it is almost comical that they have so quickly labeled Canadian Tang as running his own kind of Ponzi, punishing him wrongly and libeling him falsely. 24. Weizhen Tang is certainly guilty of one thing: he developed a transparent and consistently profitable system for individual investors, most of whom were thrilled with it. With the huge financial tsunami which hit most markets of the world, and the resulting withdrawal of trillions of dollars of funds by panicky investors, Tang was unable to complete his usually highly successful work. It was disrupted by the OSC, causing Tang serious legal difficulties, and both losses and desperation for his hundreds of clients. 25. Weizhen Tang’s real time trading and often extraordinary public demonstrations showed great transparency, keen skills, profound courage and ability, radiating great leadership and a new, high standard for the industry.