Order: In the Matter of Saxon Financial Services et al.

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

IN THE MATTER OF

SAXON FINANCIAL SERVICES, SAXON CONSULTANTS LTD.,
INTERNATIONAL MONETARY SERVICES, FXBRIDGE TECHNOLOGY,
MEISNER CORPORATION, MERCHANT CAPITAL MARKETS, S.A.,
MERCHANT CAPITAL MARKETS, MERCHANTMARX, SIMON BACHUS,
JOSEPH CUNNINGHAM, RICHARD CLIFFORD, RYAN CASON,
JOHN HALL, DONNY HILL, JEREMY JONES, MARK KAUFMANN,
CONRAD PRAAMSMA, JUSTIN PRAAMSMA, SCOTT SANDERS,
JACK SINNI, MARC THIBAULT, SEAN WILSON and TODD YOUNG

WHEREAS on July 26, 2007, the Ontario Securities Commission (the “Commission”) ordered pursuant to clause 2 of subsection 127(1) of the Securities Act, R.S.O. 1990, c.S.5, as amended (the “Act”) that the Respondents, their officers, directors, employees and/or agents cease trading in all securities immediately (the “Temporary Order”);

AND WHEREAS the Commission further ordered that pursuant to subsection 127(6) of the Act the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by the Commission. ;

AND WHEREAS on July 26, 2007 the Commission issued a Notice of Hearing to consider, among other things, the extension of the Temporary Order, to be held on August 9, 2007 at 10:00 a.m.;

AND WHEREAS pursuant to subsections 127(1) and 127(8) of the Act, a hearing was held on August 9, 2007 where the Respondents, fxBridge Technology, International Monetary Services, Simon Bachus and Joseph Cunningham, were in attendance and the hearing was adjourned to October 10, 2007, and the Temporary Order was extended on consent of all parties present during the period of the adjournment;

AND WHEREAS on October 10, 2007 a hearing was held and the Commission was advised that the Respondents, fxBridge Technology and Joseph Cunningham requested an adjournment of the hearing and a further extension of the Temporary Order during the period of the adjournment and the Respondents, International Monetary Services and Simon Bachus consented to the adjournment and further extension of the Temporary Order during the period of the adjournment;

AND WHEREAS by Commission order made April 4, 2007 pursuant to section 3.5(3) of the Act, any one of W. David Wilson, James E.A. Turner, Lawrence E. Ritchie, Robert L. Shirriff, Harold P. Hands, Paul K. Bates and David L. Knight, acting alone, is authorized to make orders under section 127 of 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;

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

AND WHEREAS pursuant to section 127(8) of the Act, satisfactory information has not been provided to the Commission;

IT IS ORDERED pursuant to subsection 127(8) of the Act that:

1. Bachus and Cunningham are permitted to trade in securities for their own accounts or for the account of a registered retirement savings plan or registered retirement income fund (as defined in the Income Tax Act (Canada)) in which they have sole legal and beneficial ownership and interest, provided that:

(i) the securities are listed and posted for trading on a prescribed stock exchange (as defined in Regulation 3200 to the Income Tax Act (Canada)) or are issued by a mutual fund which is a reporting issuer;

(ii) in the case of securities listed and posted for trading on a prescribed stock exchange (as defined in Regulation 3200 to the Income Tax Act (Canada)), Bachus and Cunningham do not own legally or beneficially more than one per cent of the outstanding securities of the class or series of the class in question; and

Dated at Toronto this 10 th day of October, 2007