Peace Arch Entertainment on Thursday said securities regulators in Ontario are to issue a cease-trade order against its company stock, the second in as many years.

The move comes days after the Toronto-based production company said it has delayed filing results for the fiscal year to Aug. 31, 2008. The latest results were due to be filed by Dec. 1.

But Peace Arch on Nov. 28 notified the Ontario Securities Commission that it would be late in filing because it had to consolidate certain film production companies in its balance sheet, and may need to restate previously released financial results.

Similarly, a 2007 financial audit forced Peace Arch to delay the filing of its fiscal results for that year. That delay was accompanied by a December 2007 decision by the OSC to issue a management and insider cease-trade order against the producer.

The latest cease-trade order is expected to remain in place until Peace Arch releases its fiscal 2008 results, at which time the OSC would typically issue a further order of revocation.

Stock in Peace Arch traded Thursday unchanged at $0.07 on the Toronto Stock Exchange.