Proceedings

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IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c. S.5, as amended

   

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ROBERT CASSELS
MURRAY HOULT POLLITT
POLLITT & CO. INC.

 

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 (the “Act”) at the Commission’s offices on the 17 th floor, 20 Queen Street West, Toronto, Ontario, commencing on Tuesday, the 28 th day of September, 2004 at 2:30 p.m., or as soon thereafter as the hearing can be held, to consider:

    (a)  whether in the opinion of the Commission, it is in the public interest to make an order or orders against Robert Cassels, pursuant to sections 127(1) and 127.1 of the Act, specifically that:

      i)  his registration be suspended or restricted for a specified period;
      ii)  his ability to trade in securities, or the ability to rely on certain exemptions, be prohibited for a specified period;
      iii)  his ability to act as an officer or director of an issuer be prohibited;
      iv)  he be reprimanded; and
      v)  he be ordered to pay costs related to the investigation and hearing.

    (b)  whether in the opinion of the Commission, it is in the public interest to make an order or orders against Murray Hoult Pollitt pursuant to sections 127(1) and 127.1 of the Act, specifically that:

      i)  his registration be suspended or restricted for a specified period;
      ii)  his ability to trade in securities, or the ability to rely on certain exemptions, be prohibited for a specified period;
      iii)  his ability to act as an officer or director of an issuer be prohibited;
      iv)  he be reprimanded; and
      v)  he be ordered to pay costs related to the investigation and hearing.

    (c)  whether in the opinion of the Commission, it is in the public interest to make an order against Pollitt & Co. Inc. (“Pollitt & Co.”) pursuant to sections 127(1) and 127.1 of the Act, specifically that:

      i)  a review of the practices and procedures of Pollitt & Co. be undertaken and such changes be implemented as may be ordered by the Commission;
      ii)  terms and conditions be imposed on the registration of Pollitt & Co.;
      iii)  Pollitt & Co. be reprimanded; and
      iv)  Pollitt & Co. be order to pay costs related to the investigation and hearing.

 

    BY REASON of the allegations as set out in the attached Statement of Allegations made by Staff of the Commission dated August 30, 2004;

 

    AND TAKE FURTHER NOTICETHAT any party to the proceedings may be represented by counsel at the hearing;

 

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

 

    DATED at Toronto this 30 th day of August, 2004.

 

 

”Rose Gomme”

A/Secretary to the Commission

 

TO : ROBERT CASSELS

MURRAY HOULT POLLITT

POLLITT & CO. INC.