Proceedings

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Schedule “A”

 

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

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IN THE MATTER OF
BENNETT ENVIRONMENTAL INC., JOHN BENNETT,
RICHARD STERN, ROBERT GRIFFITHS, and
ALLAN BULCKAERT

SETTLEMENT BETWEEN STAFF OF THE
ONTARIO SECURITIES COMMISSION and
JOHN BENNETT

O R D E R
(Section 127)  

WHEREAS on June 2, 2006 the Ontario Securities Commission (the “Commission’) issued a Notice of Hearing (the “Notice of Hearing”) pursuant to section 127 of the SecuritiesAct, R.S.O. 1990, c.S.5, as amended (the “Act”) in respect of John Bennett (“Bennett”);

AND WHEREAS Bennett entered into a settlement agreement with Staff of the Commission, dated November 21, 2006 (the “Settlement Agreement”), in which the parties have proposed a settlement of the proceeding commenced by the Notice of Hearing, subject to the approval of the Commission;

AND UPON reviewing the Settlement Agreement and the Statement of Allegations of Staff of the Commission, and upon hearing submissions from the counsel for Bennett and from Staff of the Commission;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this Order;

IT IS HEREBY ORDERED THAT:

1. The Settlement Agreement is hereby approved;

2. Bennett shall be prohibited from acting as a director or officer of any issuer for a period of 10 years from the date of this Order;

3. Bennett shall be reprimanded by the Commission;

4. Bennett shall immediately pay to the Commission the sum of $250,000 as an administrative penalty designated for allocation to or for the benefit of third parties in accordance with subsection 3.4(2) of the Act; and

5. Bennett shall immediately pay to the Commission the sum of $50,000 toward the costs of its investigation.

DATED at Toronto this day of November, 2006.

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