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
ALLAN MCCAFFREY

ORDER



      WHEREAS on September 28, 2007, the Commission issued a Notice of Hearing pursuant to section 127 of the Securities Act (the “Act”) in respect of the trading of securities in Imagin Diagnostic Centres Inc. (“Imagin”) by Allan McCaffrey;

      AND WHEREAS on September 27, 2007 Staff of the Commission filed a Statement of Allegations;

      AND WHEREAS Allan McCaffrey entered into a Settlement Agreement dated January 15, 2009 (the “Settlement Agreement”) in relation to the matters set out in the Statement of Allegations;

      AND WHEREAS the Commission issued a Notice of Hearing dated January 15, 2009, 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 Allan McCaffrey through his agent and from Staff of the Commission;

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

      IT IS HEREBY ORDERED, PURSUANT TO SECTION 127 OF THE ACT, THAT:
  1. The Settlement Agreement dated January 15, 2009, between Staff of the Commission and Allan McCaffrey is approved;
  2. The Respondent is prohibited for ten years from becoming or acting as a director or officer of any issuer, registrant or investment fund manager commencing on the date of this order;
  3. The Respondent is prohibited for ten years from becoming or acting as a registrant commencing on the date of this order; and,
  4. The Respondent is to pay an administrative penalty of $15,000 to be allocated under s.3.4(2)(b) of the Act to or for the benefit of third parties.

Dated at Toronto, Ontario this 16th day of January, 2009


" Suresh Thakrar "
Suresh Thakrar
" Kevin J. Kelly "
Kevin J. Kelly