Ontario Securities Commission Commission des valeurs mobilières de l’Ontario
22nd Floor 20 Queen Street West Toronto ON M5H 3S8
22e étage 20, rue Queen Ouest Toronto ON M5H 3S8
Citation: Robert Walter Harris, 2005 ONSEC 2
Date: 2005-01-25
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S. 5, AS AMENDED
AND
IN THE MATTER OF
ROBERT WALTER HARRIS
Hearing:
November 26, 2004
Panel:
H. Lorne Morphy, Q.C. - Commissioner (Chair of the Panel)
Paul K. Bates - Commissioner
Suresh Thakrar - Commissioner
Counsel:
Melissa Mackewn - For the Staff of the Ontario Securities Commission
Paul Le Vay - For Robert Walter Harris
REASONS
We are prepared to approve the settlement agreement as being in the public interest.
In the settlement agreement, Mr. Harris acknowledges insider trading contrary to section 76(1) of the Act, failing to file the necessary reports under section 107 of the Act to reflect this trading and the failure to correct a Management Information Circular issued which incorrectly stated that Mr. Harris continued to own certain shares which he did not.
The sanctions imposed, which include a reprimand, fairly reflect the gravity of this conduct by Mr. Harris in acting contrary to the Act and the public interest.
Dated at Toronto this 25th day of January, 2005.
"H. Lorne Morphy"
"Paul K. Bates"
H. Lorne Morphy, Q.C.
Paul K. Bates
"Suresh Thakrar"
Suresh Thakrar