Generation Pmca Corp.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
4487618
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ABRAMSON, RANDALL, DOV
(For individuals, Last, First,
Middle)
CRD
Number:
4535316
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ABRAMSON, HERBERT, NNN
(For individuals, Last, First,
Middle)

This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
ONTARIO SECURITIES COMMISSION
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
REPRIMAND UNDERTAKING
3.
Date Initiated (MM/DD/YYYY): 
04/20/2012
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
NOT APPLICABLE
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ON APRIL 27, 2012, THE ONTARIO SECURITIES COMMISSION ("OSC") ISSUED AN ORDER APPROVING A SETTLEMENT AGREEMENT BETWEEN OSC STAFF
AND TRAPEZE ASSET MANAGEMENT INC. ("TAMI"), RANDALL ABRAMSON AND HERBERT ABRAMSON (COLLECTIVELY, THE "RESPONDENTS"). THE
RESPONDENTS COOPERATED WITH THE OSC IN THIS MATTER. THE RESPONDENTS ADMITTED IN THE SETTLEMENT AGREEMENT THAT AS A RESULT OF
THEIR EMPHASIS ON ISSUER-RELATED RISKS AND LONGER TERM INVESTMENT PERIODS, THEY DID NOT GIVE SUFFICIENT WEIGHT TO CONCENTRATION
RISK OR TO PRICE VOLATILITY RISK AND LIQUIDITY RISK. THEY ACKNOWLEDGED THAT UNDERWEIGHTING OF THESE RISKS LED THEM TO UNDERSTATE
IN MARKETING MATERIAL THE RISKS OF INVESTMENTS AND TO TREAT AS MEDIUM RISK SECURITIES THAT WERE HIGHER THAN MEDIUM RISK, AND THAT
IN SOME CASES IN CONNECTION WITH MANAGED ACCOUNTS THIS RESULTED IN KNOW-YOUR-CLIENT AND SUITABILITY DEFICIENCIES,
CONTRAVENTIONS OF SECTIONS 13.2 AND 13.3 NATIONAL INSTRUMENT 31-103 (AND SECTION 1.5 OF OSC RULE 31-505 PRIOR TO SEPTEMBER 28,
2009) AND CONDUCT THAT WAS CONTRARY TO THE PUBLIC INTEREST. RANDALL ABRAMSON, AS A DIRECTOR, OFFICER OR AUTHORIZING PERSON, ALSO
ADMITTED TO CONTRAVENTION OF S. 129.2 OF THE SECURITIES ACT (ONTARIO).
8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Settled
11. Resolution Date (MM/DD/YYYY):
04/27/2012
 Exact
 Explanation

If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 1,000,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
THE RESPONDENTS WERE REPRIMANDED AND TOGETHER REQUIRED TO PAY TO THE OSC AN ADMINISTRATIVE PENALTY OF $1,000,000 AND
COSTS OF $250,000. TAMI IS ALSO REQUIRED TO SUBMIT TO A REVIEW OF ITS PRACTICES AND PROCEDURES BY AN INDEPENDENT CONSULTANT
IN ACCORDANCE WITH TERMS OF REFERENCE ATTACHED TO THE ORDER, CONDUCT ACCOUNT REVIEWS WITH ITS CLIENTS IN ACCORDANCE
WITH THE TERMS OF REFERENCE, AND SEND A LETTER TO CLIENTS OUTLINING ITS INTENTION TO CONDUCT SUCH ACCOUNT REVIEWS.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
PENALTY TO BE PAID BY JUNE 27, 2012.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON APRIL 27, 2012, THE OSC ISSUED AN ORDER APPROVING A SETTLEMENT AGREEMENT BETWEEN OSC STAFF AND TAMI, RANDALL ABRAMSON AND
HERBERT ABRAMSON. THE RESPONDENTS COOPERATED WITH THE OSC IN THIS MATTER. SEE ITEMS 7 AND 12, ABOVE.

Includes form instructions and options. Options shown in this text do not identify which boxes were selected.

GENERAL INSTRUCTIONS
This Disclosure Reporting Page (DRP ADV) is an 
INITIAL OR
AMENDED response used to report details for affirmative responses to Items 11.C., 11.D.,
11.E., 11.F. or 11.G. of Form ADV.
Regulatory Action
Check item(s) being responded to:
11.C(1)
11.C(2)
11.C(3)
11.C(4)
11.C(5)
11.D(1)
11.D(2)
11.D(3)
11.D(4)
11.D(5)
11.E(1)
11.E(2)
11.E(3)
11.E(4)
11.F.
11.G.
Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File
with a completed Execution Page. 
One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the
same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP.
PART I
A.  The person(s) or entity(ies) for whom this DRP is being filed is (are):
You (the advisory firm)
You and one or more of your advisory affiliates
One or more of your advisory affiliates
If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). 
If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box.
ADV DRP - ADVISORY AFFILIATE
CRD
Number:
4535316
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ABRAMSON, HERBERT, NNN
(For individuals, Last, First,
Middle)
CRD
Number:
This advisory affiliate is 
a Firm
an Individual

Registered:
Yes
No
Name:
GENERATION IACP INC.
(FORMERLY TRAPEZE CAPITAL
CORP.)
(For individuals, Last, First,
Middle)
CRD
Number:
4487618
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
ABRAMSON, RANDALL, DOV
(For individuals, Last, First,
Middle)
This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser.
This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is
registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the
adviser's or advisory affiliate's favor.
If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item
11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any
event listed in Item 11 that occurred more than ten years ago.
This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the
circumstances: 
B.
If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to
the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided.
 Yes
 No
NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records.
PART II
1.  Regulatory Action initiated by:
SEC   
Other Federal   
State   
SRO
Foreign
(Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) 
INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA
2.
Principal Sanction:
Civil and Administrative Penalt(ies) /Fine(s)
Other Sanctions: 
REPRIMAND UNDERTAKING
3.
Date Initiated (MM/DD/YYYY): 
04/20/2012
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
2012 IIROC 25
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
GENERATION ADVISORS INC. (FORMERLY TRAPEZE CAPITAL CORP.)
6.
Principal Product Type:
No Product
Other Product Types: 
7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
ON APRIL 27, 2012, AN INVESTMENT INDUSTRY REGULATORY ORGANIZATION OF CANADA ("IIROC") HEARING PANEL ACCEPTED A SETTLEMENT
AGREEMENT BETWEEN IIROC STAFF AND TRAPEZE CAPITAL CORP. ("TCC"), RANDALL ABRAMSON AND HERBERT ABRAMSON (COLLECTIVELY, THE
"RESPONDENTS"). THE RESPONDENTS COOPERATED WITH IIROC IN THIS MATTER. THE RESPONDENTS ADMITTED IN THE SETTLEMENT AGREEMENT THAT
AS A RESULT OF THEIR EMPHASIS ON ISSUER-RELATED RISKS AND LONGER TERM INVESTMENT PERIODS, THEY DID NOT GIVE SUFFICIENT WEIGHT TO
CONCENTRATION RISK OR TO PRICE VOLATILITY RISK AND LIQUIDITY RISK. THEY ACKNOWLEDGED THAT UNDERWEIGHTING OF THESE RISKS LED THEM
TO UNDERSTATE IN MARKETING MATERIAL THE RISKS OF INVESTMENTS AND TO TREAT AS MEDIUM RISK SECURITIES THAT WERE HIGHER THAN MEDIUM
RISK, AND THAT IN SOME CASES IN CONNECTION WITH MANAGED ACCOUNTS THIS RESULTED IN KNOW-YOUR-CLIENT AND SUITABILITY DEFICIENCIES,
CONTRAVENTIONS OF IIROC DEALER MEMBER RULES 1300.1(A), (P) AND (Q) AND 29.1 IN THAT SOME OF THE CONDUCT WAS DETRIMENTAL TO THE
PUBLIC INTEREST.

8.
Current Status?      
 Pending
 On Appeal
 Final
9.
If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed:
If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only.
10. How was matter resolved:
Settled
11. Resolution Date (MM/DD/YYYY):
04/27/2012
 Exact
 Explanation
If not exact, provide explanation:
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 500,000.00
 Revocation/Expulsion/Denial
 Disgorgement/Restitution
 Censure
 Cease and Desist/Injunction
 Bar
 Suspension
B.
Other Sanctions Ordered:
THE RESPONDENTS ARE TOGETHER REQUIRED TO PAY TO IIROC A FINE OF $500,000 AND COSTS OF $200,000. TCC IS ALSO REQUIRED TO
SUBMIT TO A REVIEW OF ITS PRACTICES AND PROCEDURES BY AN INDEPENDENT CONSULTANT IN ACCORDANCE WITH TERMS OF REFERENCE TO
THE AGREEMENT, CONDUCT ACCOUNT REVIEWS WITH ITS CLIENTS IN ACCORDANCE WITH THE TERMS OF REFERENCE, AND SEND A LETTER TO
CLIENTS OUTLINING ITS INTENTION TO CONDUCT SUCH ACCOUNT REVIEWS.
Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal,
Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to
requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution,
disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion
of penalty was waived: 
PENALTY TO BE PAID BY JUNE 27, 2012.
13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response
must fit within the space provided).
ON APRIL 27, 2012, AN IIROC HEARING PANEL ACCEPTED A SETTLEMENT AGREEMENT BETWEEN IIROC STAFF AND TCC, RANDALL ABRAMSON AND
HERBERT ABRAMSON. THE RESPONDENTS COOPERATED WITH IIROC IN THIS MATTER. SEE ITEMS 7 AND 12, ABOVE.