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66.

For good cause shown, and upon receipt of a timely application from the

Independent Distribution Consultant or Respondents, the Commission's staff may extend any of

the procedural dates set forth above.

IV.

In view of the foregoing, the Commission deems it appropriate and in the public interest to impose the sanctions agreed to in Respondents’ Offer.

Accordingly, pursuant to Section 8A of the Securities Act, Sections 15(b)(6) and 21C of the Exchange Act and Sections 9(b) and 9(f) of the Investment Company Act against CIHI, and pursuant to Section 8A of the Securities Act, Sections 15(b)(4) and 21C of the Exchange Act, Section 203(e) of the Advisers Act, and Sections 9(b) and 9(f) of the Investment Company Act, against World Markets, it is hereby ORDERED that:

A.

Respondents shall pay, on a joint and several basis, disgorgement and prejudgment

interest in the amount of $100 million, and a civil money penalty in the amount of $25 million, for a

total payment of $125 million;

B.

Respondent CIHI shall cease and desist from committing or causing any violations

and any future violations of Section 17(a) of the Securities Act, Sections 7(d) and 10(b) of the Exchange Act and Rule 10b-5 thereunder, Rule 22c-1, as adopted under Section 22(c) of the Investment Company Act of 1940, and Regulation U promulgated by the Federal Reserve Board

regarding the extension of margin credit;

C.

Respondent World Markets shall cease and desist from committing or causing any

violations and any future violations of Section 17(a) of the Securities Act, Sections 7(c), 10(b), 11(d), 15(c) and 17(a) of the Exchange Act and Rules 10b-3, 10b-5, and 17a-3 thereunder, Rule 22c-1, as adopted under Section 22(c) of the Investment Company Act of 1940, and Regulation T

promulgated by the Federal Reserve Board regarding the extension of margin credit;

D.

Respondents shall, within 30 days of the entry of this Order, pay on a joint and

several basis, disgorgement and prejudgment interest in the total amount of $100 million, and civil money penalties in the amount of $25 million, for a total payment of $125 million, to the United States Treasury. Such payment shall be: (A) made by wire transfer, United States postal money order, certified check, bank cashier's check or bank money order; (B) made payable to the Securities and Exchange Commission; (C) wired, hand-delivered or mailed to the Office of Financial Management, Securities and Exchange Commission, Operations Center, 6432 General Green Way, Alexandria, Stop 0-3, VA 22312; and (D) submitted under cover letter that identifies

CIHI and World Markets as Respondents in these proceedings, the file number of these proceedings, a copy of which cover letter and money order or check shall be sent to Mark K. Schonfeld, Regional Director, Division of Enforcement, Securities and Exchange Commission, Northeast Regional Office, 3 World Financial Center, New York, NY, 10281.

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