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 GOLDBRIDGE FINANCIAL INC.,
WESLEY WAYNE WEBER AND SHAWN C. LESPERANCE

TEMPORARY ORDER
Sections 127(1) & 127(2)



      WHEREAS on October 10, 2008, the Commission issued a temporary order pursuant to section 127(5) of the Act that all trading in securities by Goldbridge Financial Inc. (“Goldbridge”), Wesley Wayne Weber (“Weber”) and Shawn C. Lesperance (“Lesperance”) shall cease, and that the exemptions contained in Ontario securities law do not apply to Goldbridge, Weber and Lesperance (the “Temporary Order”);

      AND WHEREAS the Temporary Order expired on the fifteenth day after its making unless extended by the Commission;

      AND WHEREAS on October 28, 2008, the Commission granted a further order pursuant to clause 2 of subsection 127(1) of the Act (the “October Order”) that all trading in securities by Goldbridge, Weber and Lesperance shall cease, subject to the exception below;

      AND WHEREAS it was further ordered on October 28, 2008, that notwithstanding the foregoing order, Goldbridge may trade solely as principal in one account (“the account”) in accordance with the following conditions:
  1. the account shall be at E*TRADE Canada (“E*Trade”);
  2. the account shall be in the name of Goldbridge Financial Inc.;
  3. the account shall contain only funds belonging to Goldbridge contributed by Weber or Lesperance, and shall not be used directly or indirectly to trade on behalf of any other person or company;
  4. Goldbridge shall provide Staff with particulars of the account, including the account number, within 7 days of the date of this Order;
  5. Goldbridge shall instruct E*Trade to provide copies of all trade confirmation notices with respect to the account directly to Staff at the same time that such notices are provided to Goldbridge;
  6. securities traded in the account shall consist solely of securities listed or quoted on the New York Stock Exchange (“NYSE”) or the National Association of Securities Dealers Automated Quotations (“NASDAQ”); and
  7. the Respondents shall immediately take steps to remove from the internet all advertising and postings on behalf of the Respondents offering to provide investment services and lessons in day trading.
      AND WHEREAS the October Order was to expire at the close of business on January 20, 2009, unless extended by the Commission;

      AND WHEREAS on January 19, 2009, the October Order was extended by the Commission until the close of business on March 21, 2009;

      AND WHEREAS on March 20, 2009, the October Order was extended by the Commission until the close of business on May 4, 2009;

      AND WHEREAS the Commission held a hearing on May 1, 2009, at which Staff sought an Order extending the October Order pursuant to subsection 127(1) of the Act to permit further discussion between counsel;

      AND WHEREAS Staff of the Commission made submissions at the hearing;

      AND WHEREAS Weber, Lesperance and Goldbridge have consented to the extension of the October Order;

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

      IT IS ORDERED that the October Order is continued and shall expire at the close of business on June 30, 2009, unless it is extended by the Commission;

      IT IS FURTHER ORDERED that Staff may apply to the Commission to vary this Order at any time if Staff concludes that it is in the public interest to do so;

      IT IS FURTHER ORDERED that this matter shall be adjourned to June 29, 2009, at 10:00 a.m.


DATED at Toronto this 1st day of May, 2009.

“James E. A. Turner”
James E. A. Turner