Proceedings

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

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IN THE MATTER OF
CICCONE GROUP, MEDRA CORPORATION, 990509 ONTARIO INC., TADD
FINANCIAL INC., CACHET WEALTH MANAGEMENT INC., VINCE CICCONE,
DARRYL BRUBACHER, ANDREW J. MARTIN., STEVE HANEY, KLAUDIUSZ
MALINOWSKI AND BEN GIANGROSSO

TEMPORARY ORDER
Sections 127(1) & 127(5)



WHEREAS it appears to the Ontario Securities Commission (the “Commission”) that:

  1. 990509 Ontario Inc. (“990509”) is a corporation registered in the Province of Ontario;
  2. Medra Corporation (“Medra”) is a corporation with a business address in the Province of Ontario;
  3. Ciccone Group (“Ciccone Group”) is a group of companies with a business address in the Province of Ontario;
  4. Cachet Wealth Management Inc. (“Cachet”) is a corporation registered in the Province of Ontario;
  5. Tadd Financial Inc. (“Tadd”) is a corporation registered in the Province of Ontario;
  6. 990509, Medra, Ciccone Group, Cachet and Tadd (together, the “Corporate Respondents”) are not registered with the Commission in any capacity;
  7. 990509 and Medra are not reporting issuers;
  8. Vince Ciccone (“Ciccone”) is the sole director of 990509;
  9. Klaudiusz Malinowski (“Malinowski”) is the sole director of Cachet and has identified himself as an agent working for Ciccone;
  10. Darryl Brubacher (“Brubacher”) is a director of Tadd and has solicited residents of the Province of Ontario to invest in promissory note of 990509 and also private placement of Medra;
  11. Andrew J. Martin (“Martin”) is a director of Tadd and works with Ciccone and has solicited residents of the Province of Ontario to invest in private placement of Medra;
  12. Steve Haney (“Haney”) has solicited residents of the Province of Ontario to invest in private placement of Medra;
  13. Ben Giangrosso (“Giangrosso”) is both a partner and a director of sales with Ciccone and has solicited residents of the Province of Ontario to invest in Medra;
  14. Ciccone, Brubacher, Martin, Haney, Malinowski and Giangrosso (together, the “Individual Respondents”) are not registered with the Commission in any capacity;
  15. the Individual Respondents have been soliciting investors to provide funds to Medra and 990509 for investment;
  16. Ontario investors have, in fact, provided funds to Medra for the purchase of private placement shares and to 990509 for the purchase of promissory notes;
  17. both the Corporate and Individual Respondents have participated in the distribution of securities in Medra and 990509 for which no preliminary prospectus or prospectus has been filed and no receipt has been issued by the Director and for which no exemptions from the prospectus requirements apply;
  18. Staff of the Commission are conducting an investigation into the activities of the Individual Respondents, 990509, Medra, Tadd, Cachet and Ciccone Group;
  19. The Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as the sales of securities continue; and
  20. The Commission is of the opinion that it is in the public interest to make this order;

AND WHEREAS By Commission Order made September 8, 2009, pursuant to subsection 3.5(3) of the Act, each of W. David Wilson, James E. A. Turner, David L. Knight, Carol S. Perry, Patrick J. LeSage, James D. Carnwath and Mary G. Condon, acting alone, is authorized to make orders under section 127 of the Act.

IT IS ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Ciccone Group, 990509, Medra, Cachet, Tadd or their agents or employees shall cease;

IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in the securities of 990509 and Medra shall cease;

IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) and subsection 127(5) of the Act that all trading in any securities by Ciccone, Malinowski, Brubacher, Haney, Martin and Giangrosso shall cease;

IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to Ciccone Group, Medra, Cachet and Tadd or their agents or employees;

IT IS FURTHER ORDERED pursuant to clause 3 of subsection 127(1) and subsection 127(5) of the Act that the exemptions contained in Ontario securities law do not apply to Ciccone, Malinowski, Brubacher, Haney, Martin, Allarde and Giangrosso; and

IT IS FURTHER ORDERED pursuant to subsection 127(6) of the Act that this order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by order of the Commission.

Dated at Toronto this _21st__ day of April, 2010

 



" David Wilson "