Securities Law & Instruments

IN THE MATTER OF

THE SECURITIES ACT,

R.S.O. 1990, c. S.5, AS AMENDED

AND

IN THE MATTER OF

PAUL IANNICCA

ORDER

(Section 127 of the Securities Act)

WHEREAS on March 13, 2009, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Act accompanied by a Statement of Allegations dated March 12, 2009, issued by Staff of the Commission ("Staff") with respect to Paul Iannicca ("Iannicca");

AND WHEREAS on March 13, 2009, counsel for Iannicca was served with the Notice of Hearing and Statement of Allegations;

AND WHEREAS on March 20, 2009, upon hearing submissions from counsel for Staff, the hearing was adjourned to May 26, 2009;

AND WHEREAS on May 26, 2009, the hearing was adjourned until June 25, 2009 for the purpose of having a pre-hearing conference;

AND WHEREAS on June 25, 2009, the hearing was adjourned until August 18, 2009 for any other purpose that the parties may advise the Office of the Secretary;

AND WHEREAS on August 18, 2009, counsel for Iannicca did not attend, but counsel for Staff informed the panel that both parties agreed to the adjournment of this hearing to October 7, 2009;

AND WHEREAS on August 18, 2009, upon hearing submissions from counsel for Staff, the hearing was adjourned to October 7, 2009;

AND WHEREAS on October 7, 2009, upon hearing submissions from counsel for Staff, the hearing was adjourned to a date to be agreed upon between the parties;

AND WHEREAS on October 16, 2009, upon receiving scheduling information from the parties, the hearing was adjourned until December 2, 2009;

AND WHEREAS on December 1, 2009, upon the request of all parties, the hearing was adjourned until January 7, 2010 at 10:00 a.m.;

AND WHEREAS on January 7, 2010, upon the request of all parties, the hearing was adjourned until February 3, 2010 at 11:00 a.m.;

AND WHEREAS on February 3, 2010, an in camera settlement hearing was commenced in front of the Commission and was not completed;

IT IS ORDERED THAT the settlement hearing is to be continued on February 10, 2010 at 8:30 a.m. or such other date as is agreed by the parties and determined by the Office of the Secretary.

DATED at Toronto this 3rd day of February, 2010.

"David L. Knight"