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

      WHEREAS on March 24, 2009, the Commission ordered that the Temporary Order made herein on March 11, 2009 be extended, save and except that the Respondent Sedwick Hill (“Hill”) was permitted to sell mutual funds in accordance with his licence solely for the purpose of working at Keybase Financial Group Inc.;

      AND WHEREAS Staff brought a motion to vary the March 24, 2009 Temporary Order by deleting the exemption which permitted Hill to sell mutual funds while employed at Keybase Financial Group Inc., originally returnable on July 23, 2009;

      AND WHEREAS on that date the March 11, 2009 Temporary Order was extended without variation to November 24, 2009 at 2:30 p.m. and the motion to vary was adjourned to be heard in camera on August 14, 2009;

      AND WHEREAS the August 14, 2009 date was further adjourned to August 25, 2009 due to the unavailability of a Hearing Panel;

      AND WHEREAS on August 25, 2009 in a hearing held in camera Staff filed materials in support of their motion;

      AND WHEREAS the Respondent Sedwick Hill was present on the return of Staff’s motion and made oral submissions before the Commission;

      AND HAVING considered the materials filed by Staff and the submissions of Staff and Sedwick Hill;

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

IT IS ORDERED that:

(a) the Temporary Order of March 24, 2009 is varied so as to delete the exemption permitting Hill to sell mutual funds in accordance with his licence for the purpose of working at Keybase Financial Group Inc.;

(b) The variation ordered herein shall be operative until November 24, 2009, and the March 24, 2009 Temporary Order as varied by this Order is extended to November 24, 2009 at 2:30 p.m. unless otherwise ordered by the Commission.

DATED at Toronto this 25^th day of August, 2009.