Proceedings

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

-and-

IN THE MATTER OF M P GLOBAL FINANCIAL LTD.,
AND JOE FENG DENG


ORDER



      WHEREAS on the 13th day of April, 2009, pursuant to subsections 127(1) and (5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”), the Ontario Securities Commission (the “Commission”) made the following temporary order against M P Global Financial Ltd. (“MP Global”) and Joe Feng Deng also known as Feng Deng, Yue Wen Deng and Deng Yue Wen (“Deng”) (collectively the “Respondents”);

      AND WHEREAS on April 13, 2009, pursuant to subsection 127(6) of the Act the Commission ordered that the following temporary order shall expire on the 15th day after its making unless extended by order of the Commission;

      AND WHEREAS by Commission order dated April 13, 2009, the Commission made the following temporary order (the “Temporary Order”):
  1. pursuant to clause 2 of subsection 127(1) of the Act, that all trading of securities of MP Global shall cease;
  2. pursuant to clause 2 of subsection 127(1) of the Act, that trading by Deng and MP Global shall cease; and
  3. that pursuant to clause 3 of subsection 127(1) of the Act, that the exemptions contained in Ontario securities law do not apply to Deng and MP Global;
      AND WHEREAS the Commission held a hearing on April 27, 2009;

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

      IT IS ORDERED on consent that the Temporary Order be extended to May 26, 2009 and this matter is adjourned to May 25, 2009 at 2:00 p.m.

DATED at Toronto this 27th day of April, 2009


 
 
“James E. A. Turner”
James E. A. Turner