Order: In the Matter of Anil Kumar Jain

Order



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

AND

ANIL KUMAR JAIN


ORDER



      WHEREAS on May 30, 2008, the Commission issued a Notice of Hearing pursuant to section 127 of the Securities Act R.S.O. 1990, C.S.5, as amended (the “Act”) in respect of the actions of Anil Kumar Jain (“Jain”);

      AND WHEREAS on May 30, 2008, Staff of the Commission (“Staff”) filed a Statement of Allegations;

      AND WHEREAS on May 30, 2008, Jain entered into a Settlement Agreement dated May 30, 2008 (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations;

      AND WHEREAS on May 30, 2008, the Commission issued a Notice of Hearing setting out that it proposed to consider the Settlement Agreement;

      UPON reviewing the Settlement Agreement, the Notice of Hearing, the Statement of Allegations, and upon considering submissions from Jain and from Staff;

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

      IT IS HEREBY ORDERED THAT:
  1. the Settlement Agreement dated May 30, 2008 between Staff of the Commission and Jain is approved;
  2. pursuant to paragraph 2 of section 127(1) of the Act, that the Respondent cease trading in securities for nine months;
  3. pursuant to paragraph 2.1 of section 127(1) of the Act, that the Respondent be prohibited from acquiring any securities for nine months;
  4. pursuant to paragraph 3 of subsection 127(1) of the Act, that any exemptions contained in Ontario securities law do not apply to the Respondent for nine months; and
  5. pursuant to subsection 127.1 of the Act, that the Respondent pay costs of $3,000 towards the cost of this hearing.
Dated at Toronto, Ontario this 9th day of June, 2008


“Wendell S. Wigle”
Wendell S. Wigle, Q.C.
“Margot C. Howard”
Margot C. Howard