The Ontario Securities Commission has extended its order against Mark Valentine, the former chairman of bankrupt brokerage Thomson Kernaghan & Co., for another six months until Jan. 31.

The temporary order continues to suspend Valentine’s registration under Ontario securities law and prohibits him from trading in securities, with certain specified exemptions.

Today’s ruling extends a previous ban made in February, an order that was stricter than an initial trading ban announced last year.

However, Valentine, who faces allegations by OSC staff that he breached securities laws, is allowed to trade in stocks on his own personal account.

A commission panel, chaired by Commissioner Robert Shirriff Q.C., granted staff’s request for a six-month extension, ruling that the terms of the order are “reasonable and fair” to Valentine. Valentine is also required to demonstrate that he has complied with the commission’s previous order to provide copies of his monthly brokerage account statements.

According to reports, Valentine did not attend Monday’s OSC hearing, which was intended to determine whether it was in the public’s interest to continue the ban against him. Valentine has denied any wrongdoing. He also faces fraud charges in the United States in connection with an FBI sting operation.