IN THE MATTER OF
THE SECURITIES ACT,
R.S.O. 1990, c. S.5, AS AMENDED
IN THE MATTER OF
M P GLOBAL FINANCIAL LTD. AND
JOE FENG DENG
Section 127(1) & 127(5)
WHEREAS it appears to the Ontario Securities Commission (the "Commission") that:
1. M P Global Financial Ltd. ("MP Limited") a company incorporated in Ontario;
2. Joe Feng Deng also known as Feng Deng, Yue Wen Deng and Deng Yue Wen ("Deng") is an individual who resides in Ontario;
3. MP Limited and Deng traded securities without registration and without an exemption to the registration requirement contrary to section 25 of the Securities Act, R.S.O. 1990, c. S.5 (the "Act"); and
4. MP Limited and Deng may have traded securities without a prospectus having been filed and receipted by the Director contrary to section 53 of the Act.
AND WHEREAS the Commission is of the opinion that the time required to conclude a hearing could be prejudicial to the public interest as set out in s. 127(5) of the Act;
AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;
AND WHEREAS by Authorization Order made April 1, 2008, pursuant to subsection 3.5(3) of the Act, the Commission authorized each of W. David Wilson, James E. A. Turner, Lawrence E. Ritchie, Paul K. Bates and David L. Knight, acting alone, to exercise the powers of the Commission to make Orders under section 127 of the Act;
IT IS ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading in securities of MP Limited shall cease.
IT IS FURTHER ORDERED pursuant to clause 2 of subsection 127(1) of the Act that all trading by Deng and MP Limited shall cease.
IT IS FURTHER ORDERED 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 Limited.
IT IS FURTHER ORDERED that pursuant to subsection 127(6) of the Act 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 13th day of April, 2009.
"David L. Knight"