Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c.S.5, as amended

AND

JOSE CASTANEDA

ORDER


      WHEREAS on June 20, 2005 the Commission issued a Notice of Hearing pursuant to section 127 of the Securities Act (the “Act”) in respect of the actions of Jose Castaneda (“Castaneda”);

      AND WHEREAS on June 20, 2005 Staff of the Commission (“Staff”) filed a Statement of Allegations;

      AND WHEREAS on December 19, 2005 Staff filed an Amended Statement of Allegations;

      AND WHEREAS on March 27, 2008, Castaneda entered into a settlement agreement dated March 27, 2008 (the “Settlement Agreement”) in relation to the matters set out in the Amended Statement of Allegations;

      AND WHEREAS on March 27, 2008 the Commission issued a Notice of Hearing setting out that it proposed to consider the Settlement Agreement;

      UPON reviewing the Settlement Agreement, the Notice of Hearing, the Amended Statement of Allegations, and upon considering submissions from Castaneda 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 SECTIONS 127 AND 127.1 OF THE ACT, THAT:
  1. the Settlement Agreement dated March 27, 2008 between Staff of the Commission and Castaneda is approved;
  2. pursuant to paragraph 1 of subsection 127(1), Castaneda is permanently restricted from registering under Ontario securities law;
  3. pursuant to paragraph 2 of subsection 127(1), Castaneda is permanently prohibited from trading in securities;
  4. pursuant to paragraph 2.1 of subsection 127(1), Castaneda is permanently prohibited from acquiring any securities;
  5. pursuant to paragraph 3 of subsection 127(1), any exemptions contained in Ontario securities law do not apply to Jose Castaneda permanently; and
  6. pursuant to paragraph 8 of subsection 127(1), Castaneda is permanently prohibited from becoming an officer or director of any issuer

Dated at Toronto, Ontario this 27th day of March, 2008

" Wendell S. Wigle "
Wendell S. Wigle, Q.C.
" David L. Knight "
David L. Knight, F.C.A.