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, ANGELA CURRY,
and PROSPOREX FOREX SPV TRUST

TEMPORARY ORDER
(Subsections 127(1) and (8))

 


      WHEREAS on March 11, 2009 the Ontario Securities Commission (the “Commission”) made a Temporary Order pursuant to subsections 127(1) and (5) of the Securities Act R.S.O. 1990 c. S.5 (the “Act”) that (a) pursuant to clause 2 of subsection 127(1) of 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 the 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 on March 24, 2009 the Commission ordered that the Temporary Order of March 11, 2009 be extended to July 24, 2009, subject to an exception concerning the respondent Sedwick Hill;

      AND WHEREAS on July 23, 2009 the Commission extended the Temporary Order to November 25, 2009 and adjourned the hearing to November 24, 2009 at 2:30 p.m.;

      AND WHEREAS on August 25, 2009 the Commission varied the Temporary Order to remove the exception that had applied to the respondent Sedwick Hill and extended the Temporary Order, as varied to November 24, 2009;

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

      AND WHEREAS by Commission Order made August 31, 2009, pursuant to subsection 3.5(3) of the Act, each of W. David Wilson, James E. A. Turner, David L. Knight, Carol S. Perry, Patrick J. LeSage, James D. Carnwath and Mary Condon, acting alone, is authorized to make orders under subsection 127 (8) of the Act;

      IT IS ORDERED THAT:

      (1) Prosporex Forex SPV Trust is added as a respondent to this proceeding;

      (2) the Temporary Order, as varied is extended to January 18, 2010; and

      (3) a hearing in this proceeding will take place on January 15, 2010 at 10:00 a.m.

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

 

 

 

 

 

 

 

"Carol S. Perry"
Carol S. Perry