IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF
MAPLE LEAF INVESTMENT FUND CORP.,
JOE HENRY CHAU
Section 127(1) & 127(5)
WHEREAS it appears to the Ontario Securities Commission (the "Commission") that:
1. Maple Leaf Investment Fund Corp. ("Maple Leaf") is an Ontario corporation located in Woodbridge, Ontario and has never been a reporting issuer in Ontario or registered to trade in securities in Ontario;
2. Joe Henry Chau ("Chau") is a Canadian citizen who resides in Ontario and has never been registered to trade in securities in Ontario;
3. Maple Leaf and Chau may have solicited investments from Ontario residents totalling about $4.3 million;
4. Maple Leaf and Chau may have traded in securities without being registered to do so and without exemptive relief, contrary to sections 25 and 53 of the Ontario Securities Act, R.S.O. 1990, c. S.5 (the "Act");
AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in section 127(5) of the Act;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
AND WHEREAS by Authorization Order made April 1, 2008, pursuant to subsection 3.5(3) of the Act, the Commission authorized each of W. David Wilson, James E. A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, to exercise the powers of the Commission to make Orders under section 127 of the Act;
IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading by Maple Leaf and Chau shall cease.
IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of Maple Leaf shall cease.
IT IS FURTHER ORDERED that pursuant to clause 3 of subsection 127(1) of the Act that the exemptions contained in Ontario securities law do not apply to Maple Leaf and Chau.
IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.
DATED at Toronto this 5th day of May, 2009.
"David L. Knight"