Temporary Order: In the Matter of W.J.N. Holdings Inc. et al.

Order
 

 

 

 

IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED

– AND –

IN THE MATTER OF W.J.N. HOLDINGS INC., MSI CANADA INC., 360 DEGREE
FINANCIAL SERVICES INC., DOMINION INVESTMENTS CLUB INC.,
LEVERAGEPRO INC., PROSPOREX INVESTMENT CLUB INC., PROSPOREX
INVESTMENTS INC., PROSPOREX LTD., PROSPOREX INC., NETWORTH
FINANCIAL GROUP INC., NETWORTH MARKETING SOLUTIONS, DOMINION
ROYAL CREDIT UNION, DOMINION ROYAL FINANCIAL INC., WILTON JOHN
NEALE, EZRA DOUSE, ALBERT JAMES, ELNONIETH “NONI” JAMES, DAVID
WHITELY, CARLTON IVANHOE LEWIS, MARK ANTHONY SCOTT, SEDWICK
HILL, TRUDY HUYNH, DORLAN FRANCIS, VINCENT ARTHUR, CHRISTIAN
YEBOAH, AZUCENA GARCIA, and ANGELA CURRY


TEMPORARY ORDER
(Sections 127(1) and (5))

 

 


      WHEREAS on March 11, 2009, the Ontario Securities Commission (the “Commission”) made a temporary order, pursuant to subsections 127(1) and (5) of the Act, that: (a) pursuant to clause 2 of subsection 127(1) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), all trading in securities of MSI Canada Inc., Prosporex Investment Club Inc. and Dominion Investment Club Inc. shall cease; (b) pursuant to clause 2 of subsection 127(1) of the Act, trading in any securities by all of the respondents shall cease; and (c) pursuant to clause 3 of subsection 127(1) of the Act, any exemptions contained in Ontario securities law do not apply to the respondents (the “Temporary Order”);

      AND WHEREAS, pursuant to subsection 127(5) of the Act, the Temporary Order shall expire on March 26, 2009, unless extended by the Commission;

      AND WHEREAS on March 24, 2009, a hearing was held before the Commission to consider whether to extend the Temporary Order;

      AND WHEREAS on March 24, 2009, Staff of the Commission (“Staff”) and respondents Ezra Douse, Albert James (“James”), Elnonieth “Noni” James, David Whitely, Mark Anthony Scott, Sedwick Hill (“Hill”), Trudy Huynh, Vincent Arthur, and Christian Yeboah, attended the hearing;

      AND WHEREAS on March 24, 2009, Staff filed an affidavit by Joan Chambers, sworn March 17, 2009 (the “Chambers Affidavit”) and a brief of authorities;

      AND WHEREAS on March 24, 2009, Staff and respondents James and Hill made oral submissions before the Commission;

      AND HAVING CONSIDERED the Chambers Affidavit and the submissions of Staff, James and Hill;

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

      IT IS ORDERED that:

 

 

 

  1. the Temporary Order is extended to July 24, 2009, unless extended or varied by further order of the Commission, save and except that Hill is permitted to sell mutual funds in accordance with his license solely for the purpose of working at Keybase Financial Group Inc.; and
  2. a hearing to consider whether to extend the Temporary Order shall be held on July 23, 2009, at 10:00 a.m., or such other date as is agreed by the parties and determined by the Office of the Secretary.


DATED at Toronto this 24th day of March, 2009.

 

 

 

  "Wendell S. Wigle"  
  "Margot C. Howard"