Proceedings

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

- AND -

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

ORDER
(Subsections 127(7) and (8))



WHEREAS on April 21, 2010, the Ontario Securities Commission (the “Commission”) issued a temporary order pursuant to sections 127(1) and 127(5) of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”) that the Respondents cease trading in securities; that the exemptions contained in Ontario securities law do not apply to all of the Respondents except 990509 Ontario Inc. (“990509”); and that trading in the securities of 990509 and Medra Corporation (“Medra”) cease (the “Temporary Order”);

AND WHEREAS on April 21, 2010, the Commission ordered that the Temporary Order shall expire on the 15th day after its making unless extended by order of the Commission;

AND WHEREAS on April 22, 2010, the Commission issued a notice of hearing giving notice that it will hold a hearing (the “Hearing”) on May 3, 2010 at 10 a.m., to consider, among other things, whether it is in the public interest to extend the Temporary Order pursuant to subsections 127 (7) and (8) of the Act until the conclusion of the Hearing, or until such further time as considered necessary by the Commission;

AND WHEREAS on May 3, 2010, the Commission extended the Temporary Order against all of the named respondents to October 22, 2010 and adjourned the Hearing to October 21, 2010;

AND WHEREAS on October 21, 2010, the Commission extended the Temporary Order as against Ciccone Group, Medra, 990509, Cachet Wealth Management Inc. (“Cachet”), Tadd Financial Inc. (“Tadd”), Vince Ciccone (“Ciccone”), Klaudiusz Malinowski (“Malinowski”), Darryl Brubacher (“Brubacher”) and Andrew J. Martin (“Martin”) to January 26, 2011 and adjourned the Hearing to January 25, 2011;

AND WHEREAS the Commission is advised that Staff require additional time to complete its investigation;

AND WHEREAS Staff advised the Commission that Medra, Brubacher, Martin and Tadd consent to an extension of the Temporary Order for a period of 3 months and that Ciccone Group, 990509, Ciccone, Malinowski and Cachet do not object to such an extension;

AND WHEREAS upon the submissions of Staff and upon review of the evidence filed by Staff, the Commission is of the opinion that it is in the public interest to make this Order;

IT IS HEREBY ORDERED pursuant to subsections 127 (7) and (8) of the Act that:

  1. the Temporary Order is extended as against Ciccone Group, Medra, 990509, Cachet, Tadd, Ciccone, Malinowski, Brubacher, and Martin to May 11, 2011;
  2. the Hearing is adjourned to May 10, 2011, at 2:30 p.m. or such other date or time as set by the Secretary’s office.

 

DATED at Toronto this 25th day of January, 2011.

 

" Carol S. Perry "
Carol S. Perry