IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5 AS AMENDED
- AND -
IN THE MATTER OF CHARTCANDLE INVESTMENTS CORPORATION, CCI
FINANCIAL, LLC, CHARTCANDLE INC., PSST GLOBAL CORPORATION,
STEPHEN MICHAEL CHESNOWITZ and CHARLES PAULY
WHEREAS on February 17, 2010, the Ontario Securities Commission (the “Commission”) issued a Notice of Hearing and Statement of Allegations pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990, c. S.5, as amended (the “Act”);
AND WHEREAS on March 22, 2010, Staff of the Commission (“Staff”) advised the Commission panel that all of the Respondents had been properly served with the Notice of Hearing and Statement of Allegations dated February 17, 2010 and that the Respondents, Charles Pauly and Stephen Michael Chesnowitz, were aware of the hearing date but were unable to attend;
AND WHEREAS on March 22, 2010 the matter was adjourned to May 26, 2010 at 10:00 a.m. for a pre-hearing conference to determine the status of disclosure, if any motions will be brought by any of the parties and to set dates for the hearing on the merits;
AND WHEREAS on April 26, 2010, the Commission approved a Settlement Agreement between Staff and Charles Pauly dated April 26, 2010;
AND WHEREAS on May 26, 2010 at 10:00 a.m. a prehearing conference was held and Staff advised the panel that the Respondent, Chesnowitz was aware of the pre-hearing conference but did not attend;
IT IS ORDERED THAT the hearing on the merits shall commence on Monday, September 27, 2010 at 10:00 a.m. and continue each day through to Friday, October 1, 2010, or as soon thereafter as may be fixed by the Secretary to the Commission and agreed to by the parties.
DATED at Toronto this 26th day of May 2010.
Carol S. Perry