Proceedings

IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S.5, AS AMENDED
AND
IN THE MATTER OF
SAMEH MAGID
ORDER
(Section 127)

WHEREAS on November 4th, 1997 the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to section 127(1) of theSecurities Act, R.S.O. 1990, c. S.5, as amended (the "Act") in respect of Sameh Magid ("Magid");

AND WHEREAS Magid and Staff of the Commission entered into a settlement agreement dated November 4th, 1997 (the "Settlement Agreement") in whichthey agreed to a proposed settlement of the proceeding respecting Magid subject to the approval of the Commission;

AND WHEREAS Magid has agreed that an order be made under subsection 127(1) clause 6 of the Act that he be reprimanded;

AND UPON reviewing the Settlement Agreement, the Statement of Allegations of Staff of the Enforcement Branch of the Commission and upon hearingsubmissions from Magid and Staff of the Commission;

AND UPON the Commission being of the opinion that it is in the public interest to make this order;

IT IS ORDERED THAT:

1. The Settlement Agreement dated November 4th, 1997, attached hereto, be and is hereby approved;

2. Pursuant to clause 6 of subsection 127(1) of the Act, Sameh Magid is hereby reprimanded.

November 5th, 1997.

"Morley P. Carscallen" "Helen Meyer"

"Derek Brown"