Proceedings

IN THE MATTER OF THE SECURITIES ACTR.S.O. 1990, CHAPTER S.5
AND
IN THE MATTER OFVERONIKA HIRSCH
AND
SAMEH MAGID
NOTICE OF HEARING(Section 127)

TAKE NOTICE that the Ontario Securities Commission (the "Commission") will hold a hearing pursuant to section 127 of the Securities Act, R.S.O. 1990, c.S.5. as amended (the "Act") at its offices on the 8th floor, 20 Queen St. West, Toronto, Ontario commencing on the 5th day of November, 1997 at 11:00 a.m. orso soon thereafter as the hearing can be held;

 

TO CONSIDER:

a) whether pursuant to s. 127 of the Securities Act, R.S.O. 1990, c. S.5 as amended (the "Act"), in the opinion of the Commission, it is in the public interest tosuspend, cancel, restrict or impose terms and conditions upon the registrations of, or to reprimand, Veronika Hirsch ("Hirsch") or Sameh Magid ("Magid");

b) whether pursuant to section s. 127 of the Act, in the opinion of the Commission, it is in the public interest to order, subject to such terms and conditions as itmay impose, that any or all of the exemptions contained in sections 35, 72, 73 and 93 of the Act do not apply to Hirsch or Magid.

BY REASON OF the allegations set out in the Statement of Allegations of Staff of the Enforcement Branch of the Commission that the conduct of VeronikaHirsch ("Hirsch") and Sameh Magid ("Magid") was not in the public interest;

AND FURTHER TAKE NOTICE that upon the failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of thatparty and such party is not entitled to any further notice of the proceeding.

November 4th, 1997.

"Daniel P. Iggers"