Order: In the Matter of Irwin Boock et al.

      WHEREAS on October 16, 2008, the Commission commenced this proceeding by issuing a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);

      AND WHEREAS the Notice of Hearing named as respondents the above-named individuals (the “Individual Respondents”) and the above-named corporate entities (the “Corporate Respondents”);

      AND WHEREAS the Notice of Hearing gave notice that the Commission would hold a hearing pursuant to sections 127 and 127.1 of the Act, at the offices of the Commission, commencing on November 24, 2008 at 10 a.m., or as soon thereafter as the hearing can be held, to consider whether it is in the public interest to make orders against the Respondents, as particularized in the Notice of Hearing and by reason of the allegations of Staff set out in the Statement of Allegations of Staff dated October 16, 2008 and any such additional allegations as counsel may advise and the Commission may permit;

      AND WHEREAS prior to the commencement of this proceeding, the Commission made temporary orders on May 18, May 22, May 30, 2007 and May 5 and May 14, 2008 against certain of the Individual Respondents including Stanton DeFreitas (“DeFreitas”), and against all of the Corporate Respondents (the “Temporary Orders”);

      AND WHEREAS the Temporary Orders were modified and extended from time to time by further orders of the Commission;

      AND WHEREAS on November 24, 2008, the Temporary Orders in respect of the Corporate Respondents and in respect of Irwin Boock (“Boock”) and DeFreitas were extended until the conclusion of this proceeding or until further order of the Commission with an exception allowing Boock to trade in his existing RRSP account in securities that are listed on the Toronto Stock Exchange or New York Stock Exchange, provided that Boock provides to Staff copies of the monthly account statements for the RRSP account on a timely basis;

      AND WHEREAS DeFreitas has requested in writing that the temporary order made against him on May 30, 2007, modified on June 13, 2007, and extended until the conclusion of this proceeding on November 24, 2008 as noted above (the “Temporary Order”), be varied to permit him to instruct TD Waterhouse and TD Bank to liquidate his account with TD Waterhouse and his RRSP accounts with TD Bank, the details of which Staff is aware (the “Accounts”);

      AND WHEREAS the Accounts are not subject to a direction under section 126 of the Act;

      AND WHEREAS Staff of the Commission has no objection to the request to vary the Temporary Order against DeFreitas as requested;

      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 varied such that DeFreitas may direct TD Waterhouse and TD Bank to sell securities held in his accounts with them to liquidate the accounts; and,
2. the Temporary Order, as varied by this Order, is otherwise extended until the conclusion of this proceeding or until further order of the Commission.

DATED at Toronto this 9^th day of July, 2009.

" James E. A. Turner " James E. A. Turner, Vice-Chair