As part of the settlement, Jardine agreed to an order prohibiting him from being a director or officer of any issuer for two years. However, within seven months of signing the settlement agreement, Jardine breached the ban by acting as a de facto director of Claridge (now known as Indo Global Exchange(s) Pte Ltd.) through the use of nominee directors. The panel found that Jardine was directing and administering the company from B.C., stating that, "Despite the Order, Jardine was a de facto director or officer of Claridge from its incorporation and throughout the Prohibition. During that time, Jardine occupied a similar position and performed similar functions to a director or officer." The panel ordered that Jardine pay a fine of $40,000 and resign any position he holds as a director or officer of any issuer. The panel also ordered that Jardine be prohibited from trading or purchasing securities, and from acting as a director or officer of any issuer for a period of seven years.