Reasons: In the Matter of Robert Walter Harris
IN THE MATTER OF THE SECURITIES ACT
R.S.O. 1990, c. S. 5, AS AMENDED
AND
IN THE MATTER OF
ROBERT WALTER HARRIS
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.
| 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 |
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| 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
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“H. Lorne Morphy ”
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“Paul K. Bates ”
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H. Lorne Morphy, Q.C.
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Paul K. Bates
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"Suresh Thakar"
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Suresh Thakar
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