Order: In the Matter of CCI Capital Canada Limited

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

AND

IN THE MATTER OF
CCI CAPITAL CANADA LIMITED

ORDER
(Section 127(1))

 

WHEREAS on September 8, 1999, the Ontario Securities Commission (the "Commission") issued a notice of hearing pursuant to section 127(1) of the Securities Act (the "Act") in respect ofCCI Capital Canada Limited ("CCI");

AND WHEREAS the hearing of this matter proceeded before the Commission on September9, 1999;

AND WHEREAS the Commission is of the opinion that it is in the public interest to makethis Order;

IT IS ORDERED THAT:

1. Pursuant to clause 4 of subsection 127(1) of the Act, CCI will submit to a reviewof its practices and procedures to be conducted by an independent third partyapproved by Staff of the Commission at the expense of CCI and CCI willimplement such changes as may be approved by the Director;

2. Pursuant to clause 1 of subsection 127(1) of the Act the registration of CCI ishereby suspended as of September 23, 1999 until the later of:

a. 3 months from the date of the commencement of the suspension; or

b. the date upon which the changes ordered as a result of the review of CCI'spractices and procedures are implemented by CCI to the satisfaction of theDirector; and

3. Pursuant to subsection 127(2) of the Act, CCI shall send a letter by regular mailin the form attached as Schedule "A" to each of its clients by Friday, September10, 1999.

September 9th, 1999.

 

"J. A. Geller"
"Morley P. Carscallen"
"J. F. Howard"

 

 

 

SCHEDULE "A"

September 10, 1999

[Name and Address of Client]

Re: Suspension of Registration of CCI Capital Canada Limited

The Ontario Securities Commission has suspended the registration to sell mutual fund securities ofCCI Capital Canada Limited ("CCI") for a period of at least three months commencing on Thursday,September 23, 1999. The investments you have made in mutual fund securities through CCI are helddirectly with the mutual fund company in which you purchased units. If you wish to make furtherpurchases or sales of your mutual fund securities, you should contact another registered mutual funddealer to deal with your account.

For further information, you can contact the Ontario Securities Commission at (416) 593-8314.

Yours truly,

Ricardo Molinari

CCI Capital Canada Ltd.