Proceedings

 

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

AND

IN THE MATTER OF
DAVID DEONARINE SINGH

ORDER
(Subsection 127(1))

WHEREAS on October 14, 1999, the Ontario Securities Commission (the"Commission") issued a Notice of Hearing pursuant to subsection 127(1) of the SecuritiesAct (the "Act") in respect of Clifford Paul Tindall and David Deonarine Singh;

AND WHEREAS David Deonarine Singh entered into a settlement agreement datedJuly , 2000 (the "Settlement Agreement") in which he agrees to a proposed settlement ofthe proceeding, subject to the approval of the Commission;

AND UPON reviewing the Settlement Agreement and the statement of allegations ofStaff of the Commission, and upon hearing submissions from counsel for David DeonarineSingh and from Staff of the Commission;

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

IT IS ORDERED THAT:

(i) the Settlement Agreement dated July 25, 2000, attached to this Order, ishereby approved;

(ii)pursuant to clause 6 of subsection 127(1) of the Act, David Deonarine Singhis hereby reprimanded;

(iii) pursuant to clause 2 of subsection 127(1) of the Act, Singh will cease tradingin securities for a period of five years effective the date of this Order, withthe exception of trading in personal accounts held in his name only;

(iv) pursuant to clause 8 of subsection 127(1) of the Act, Singh is prohibited frombecoming or acting as a director or officer of any issuer for a period of fouryears effective this date of the Order; and

(v) pursuant to clause 127.1(2)(b) of the Act, Singh is ordered to pay, within 60days , $25,000 to the Commission in respect of a portion of the Commission'scosts with respect to this matter.

July 31st, 2000.

"J.A. Geller"      "Robert W. Davis"