Proceedings

 

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

AND

IN THE MATTER OF
KOMAN INFO-LINK INC., KOMAN INVESTMENT INC. a.k.a. KOMAN INVESTMENT INC. (B.V.I.),SIMON KO AND JOSE CASTANEDA

ORDER
(Section 127(1))

WHEREAS on the 10th day of September, 1998, the Ontario Securities Commission(the "Commission") ordered, pursuant to clause 2 of the subsection 127(1) of the SecuritiesAct, R.S.O. 1990, c. S.5, as amended (the "Act"), that all trading in securities by KomanInfo-Link Inc. ("Koman"), Koman Investment Inc. a.k.a. Koman Investment Inc. (B.V.I.)("Koman Investment Inc."), Simon Ko ("Ko"), John Ping Sum Lam ("Lam") and JoseCastaneda ("Castaneda") cease for a period of fifteen days from the date of the order (the"Temporary Order");

AND WHEREAS on the 22nd day of September, 1998 the Commission orderedpursuant to subsection 127(7) of the Act that the Temporary Order be extended againstall respondents until the hearing is concluded and that the hearing be adjourned sine die;

AND WHEREAS on May 31, 2000 the Commission issued a Notice of Return of Hearing pursuant to sections 127 and 127.1 of the Act in respect of the Respondents;

AND WHEREAS the Respondent, Castaneda, entered into a settlement agreement dated May 31, 2000 (the "Settlement Agreement") in which Castaneda agreed to aproposed settlement of the proceeding, subject to the approval of the Commission;

AND UPON reviewing the Settlement Agreement and the Statement of Allegations of Staff of the Commission, and upon hearing submissions from Castaneda and from Staffof the Commission;

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

IT IS ORDERED THAT:

(1) the Settlement Agreement dated May 31, 2000, attached to this Order, is herebyapproved;

(2) pursuant to clause 6 of subsection 127(1) of the Act, Castaneda is herebyreprimanded; and

(3) pursuant to clause 2 of subsection 127(1) of the Act, Castaneda is prohibited fromtrading in securities for a period of five years effective from the date of this Order.

June 7th, 2000.

"J. A. Geller"     "R. Stephen Paddon"