Proceedings

 

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, C.S.5, AS AMENDED


- AND -


IN THE MATTER OF
BUCKINGHAM SECURITIES CORPORATION,LLOYD BRUCE,
DAVID BROMBERG,HAROLD SEIDEL,RAMPART SECURITIES INC.,
W.D. LATIMER CO. LIMITED,CANACCORD CAPITAL CORPORATION,
BMO NESBITT BURNS INC.,BEAR, STEARNS & CO. INC.,
DUNDEE SECURITIES CORPORATION
CALDWELL SECURITIES LIMITED, ANDB2B TRUST


NOTICE OF HEARING
(Sections 127 and 127.1)

WHEREAS on the 6th day of July, 2001, the OntarioSecurities Commission (the "Commission") ordered,pursuant to clause 2 of subsection 127(1) of the SecuritiesAct, R.S.O. 1990, C.s.5, as amended (the "Act"),that trading in any securities by Buckingham Securities Corporation("Buckingham"), Lloyd Bruce ("Bruce"),David Bromberg ("Bromberg") and Harold Seidel ("Seidel")(collectively, referred to as the "Respondents")cease (the "Temporary Order");


AND WHEREAS the Commission further ordered, pursuantto clause 1 of subsection 127(1) of the Act, that the registrationof Buckingham be suspended;


AND WHEREAS the Commission further ordered that pursuantto clause 2 of subsection 127(1) of the Act that trading insecurities by Rampart Securities Inc., W.D.Latimer Co. Limited,Canaccord Capital Corporation, BMO Nesbitt Burns Inc., Bear,Stearns & Co. Inc., Dundee Securities Corporation, CaldwellSecurities Limited and B2B Trust (collectively, referred toas the "Brokers") cease, on the term that tradingcease by the Brokers only in respect of securities held inan account or accounts in the name of Buckingham with eachof the Brokers;


AND WHEREAS the Commission further ordered that pursuantto clause 6 of subsection 127(1) of the Act that the TemporaryOrder shall take effect immediately and shall expire on thefifteenth day after its making unless extended by the Commission;


TAKE NOTICE that the Commission will hold a hearingpursuant to section 127 of the Act at its offices on the 17thFloor, 20 Queen Street West, Toronto, Ontario commencing onFriday, the 20th day of July, 2001, at 10:00 a.m. or as soonthereafter as the hearing can be held:


TO CONSIDER whether, pursuant to sections 127(1) and127.1 of the Act, it is in the public interest for the Commission:


(a) To make an order to extend the Temporary Order until thishearing is concluded;

(b) To make an order that the Respondents cease trading insecurities, permanently or for such time as the Commissionmay direct;

(c) To make an order that the registration of the Respondents,Buckingham, Bruce and Bromberg, be terminated, suspended orrestricted for such period as directed by the Commission,and/or that terms and conditions be imposed as directed bythe Commission;

(d) To make an order that any exemptions contained in Ontariosecurities law do not apply to the Respondents or any of thempermanently, or for such period as specified by the Commission;

(e) To make an order that Bruce, Bromberg and Seidel resignone or more positions which there Respondents may hold asan officer or director of any issuer;

(f) To make an order that Bruce, Bromberg and Seidel be prohibitedfrom becoming or acting as a director or officer of any issuer;

(g) To make an order that the Respondents be reprimanded;

(h) To make an order that the Respondents pay the costs ofStaff's investigation and the costs of, or related to, thisproceeding, incurred by or on behalf of the Commission; and

(i) To make such other order as the Commission may deem appropriate.


BY REASON OF the allegations set out in the TemporaryOrder and such additional allegations as counsel may adviseand the Commission may permit;


AND TAKE FURTHER NOTICE that any party to the proceedingmay be represented by counsel at the hearing;


AND TAKE FURTHER NOTICE that upon failure of any partto attend at the time and place aforesaid, the hearing mayproceed in the absence of that party and such party is notentitled to any further notice of the proceeding.



DATED at Toronto this 6th day of July, 2001.


John Stevenson
Secretary to the Commission