Order: In the Matter of Brian Anderson

Order

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

AND

IN THE MATTER OF
BRIAN ANDERSON

ORDER

WHEREAS on June 11, 2003, the Ontario Securities Commission issued a Notice of Hearing pursuant to sections 127(1) and 127.1 of the Securities Act (the "Act") in respect of Brian Anderson;

AND WHEREAS Brian Anderson ("Anderson") entered into a Settlement Agreement with Staff of the Commission in which he agreed to a proposed settlement of the proceeding, subject to the approval of the Commission;

AND WHEREAS Staff recommend approval of the Settlement Agreement;

AND UPON reviewing the Settlement Agreement and the Notice of Hearing of Staff of the Commission and upon hearing the submissions of counsel for Staff and counsel for Anderson;

IT IS HEREBY ORDERED THAT pursuant to ss. 127(1) and 127.1 of the Act:

  • The Settlement Agreement dated October 29, 2004, a copy of which is attached hereto is hereby approved;
  • Trading by Anderson in the securities of Flat Electronic Data Interchange (a.k.a. F.E.D.I.) and its successors shall cease permanently, effective immediately;
  • The exemptions contained in Ontario securities law will not apply to Anderson for a period of 48 months, effective immediately, save and except trades that Anderson is permitted to effect through the use of an agent who is a registered dealer, in accordance with s. 35(1) 10 of the Act;
  • Anderson shall be prohibited from providing to any person or company the documents attached to this order as Schedules “A” to “H”;
  • Anderson is hereby reprimanded; and
  • Anderson will pay $10,000 to the Commission for a portion of the costs of the investigation pursuant to section 127.1 of the Act;

DATED at Toronto this 1 st day of November, 2004

"Lorne Morphy, QC" "Robert Shirriff, QC"
Lorne Morphy, QC Robert Shirriff, QC