Reasons: In the Matter of Robert Walter Harris

Reasons

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

AND

IN THE MATTER OF

ROBERT WALTER HARRIS

Hearing: November 26, 2004    
       
Panel: H. Lorne Morphy, Q.C. - Commissioner (Chair of the Panel)
  Paul K. Bates - Commissioner
  Suresh Thakar - Commissioner
       
Counsel: Melissa Mackewn   For the Staff of the Ontario
Securities Commission
       
  Paul Le Vay - For Robert Walter Harris

REASONS

We are prepared to approve the settlement agreement as being in the public interest.

In the settlement agreement, Mr. Harris acknowledges insider trading contrary to section 76(1) of the Act, failing to file the necessary reports under section 107 of the Act to reflect this trading and the failure to correct a Management Information Circular issued which incorrectly stated that Mr. Harris continued to own certain shares which he did not.

The sanctions imposed, which include a reprimand, fairly reflect the gravity of this conduct by Mr. Harris in acting contrary to the Act and the public interest.

DATED at Toronto this 25th day of January, 2005

“H. Lorne Morphy ”
 
“Paul K. Bates ”
H. Lorne Morphy, Q.C.
 
Paul K. Bates
"Suresh Thakar"
Suresh Thakar