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
SWIFT TRADE INC. AND PETER BECK


ORDER
(Section 127)



      WHEREAS on December 7, 2007, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing and a Statement of Allegations pursuant to section 127 of the Securities Act, R.S.O. 1990, c. S.5, as amended, in respect of the respondents, Swift Trade Inc. and Peter Beck (collectively, the “Respondents”);

      AND WHEREAS on January 18, 2008, Staff of the Commission (“Staff”) and counsel for the Respondents attended before the Commission for a first appearance on this matter;

      AND WHEREAS the hearing was adjourned to Wednesday, March 5, 2008 at 10:00 a.m. to be spoken to, or such other date as may be agreed to by the parties and fixed by the Secretary to the Commission;

      AND WHEREAS Staff requested and the Respondents consented to a further adjournment of this matter to April 16, 2008 at 10:00 a.m.;

      AND WHEREAS Staff requested and the Respondents consented to a further adjournment of this matter to June 12, 2008 at 10:00 a.m.;

      AND WHEREAS on June 27, 2008 the Commission ordered, on consent of the parties, that the hearing was scheduled for October 20 to October 24, 2008 inclusive;

      AND WHEREAS on July 3, 2008, Staff brought a notice of motion for an adjournment because one of Staff’s material witnesses is unavailable for the October 2008 hearing dates;

      AND WHEREAS on July 7, 2008, Staff and counsel for the Respondents appeared, and the Panel heard submissions with respect to the adjournment motion;

      AND WHEREAS the Commission considers it to be in the public interest;

      IT IS HEREBY ORDERED that the hearing on the merits in this matter is scheduled, on the consent of the parties, to commence September 21, 2009 and proceed through September 25, 2009.

      DATED at Toronto this 7th day of July, 2008.


“James E. A. Turner”
James E. A. Turner
                            “ Suresh Thakrar ”
Suresh Thakrar