Proceedings

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

WHEREAS on May 4, 1993, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing pursuant to section 127(1) of the SecuritiesAct, R.S.O. 1990, c. S.5, as amended (the "Act") in respect of Ralph Schatzmair ("Schatzmair');

AND WHEREAS Schatzmair and Staff of the Commission entered into a settlement agreement dated October 29, 1997 (the "Settlement Agreement') in whichthey agreed to a proposed settlement of the proceeding respecting Schatzmair subject to the approval of the Commission;

AND WHEREAS Schatzmair has agreed that an order be made under subsection 127(1)1 of the Act that his registration be suspended for a period of sixmonths commencing November 8, 1997;

AND WHEREAS Schatzmair has agreed to make a voluntary contribution to the Canadian Investor Protection Fund in the amount of $7,500.00;

AND UPON reviewing the Settlement Agreement, the Statement of Allegations of Staff of the Enforcement Branch of the Commission and upon hearingsubmissions from Shatzmair 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 October 29, 1997, attached hereto, be and is hereby approved;

2. Pursuant to clause 1 of subsection 127(1) of the Act, the registration of Schatzmair is suspended for a period of six months commencing November 8, 1997.

October 30th, 1997.

"Morley P. Carscallen"

"G. P. H. Vernon"