Proceedings

 

IN THE MATTER OF
THE SECURITIES ACT R.S.O. 1990,
c. S. 5, AS AMENDED
AND
IN THE MATTER OF
RICHARD JOHN SMITH
AND
SYNLAN SECURITIES CORPORATION
ORDER
(Section 127)

WHEREAS on June 11, 1998, the Ontario Securities Commission (the"Commission") issued a Temporary Order pursuant to section 127(7) of the OntarioSecurities Act, R.S.O. 1990, c. S.5, as amended (the "Act") suspending the registration ofthe respondent Richard John Smith ("Smith");

AND WHEREAS on June 16, 1998, the Commission issued a Notice of Hearingpursuant to section 127 of the Act;

AND WHEREAS on June 23, 1998, the Commission extended the Temporary Orderissued on June 11, 1998 suspending the registration of the respondent Smith until theconclusion of the hearing;

AND WHEREAS the respondents Smith and Synlan Securities Corporation("Synlan") having been advised of the hearing, did not appear;

AND WHEREAS the Commission considers it to be in the public interest to makethis Order;

IT IS HEREBY ORDERED that:

1. pursuant to paragraph 1 of subsection 127(1) of the Act, that the registrationgranted to each of Smith and Synlan under Ontario securities law be terminated;

2. pursuant to paragraph 2 of subsection 127(1) of the Act, that trading in anysecurities by each of Smith and Synlan cease permanently; and

3. pursuant to paragraph 3 of subsection 127(1) of the Act, any exemptions containedin Ontario securities law do not apply to each of Smith and Synlan permanently.

December 2nd, 1998.

"J. A. Geller"       "G. P. H. Vernon"      "J. F. Howard"