WHEREAS on the 14th day of August, 2001, the Ontario Securities Commission (the "Commission") ordered, pursuant to clause 2 of subsection 127(1) of the
Securities Act, R.S.O. 1990, C.s.5, as amended (the "Act"), that trading in any securities by Rampart Securities Inc. ("Rampart"), cease (the "Temporary Order");
AND WHEREAS the Commission further ordered, pursuant to clause 1 of subsection 127(1) of the Act, that the registration of Rampart be suspended;
AND WHEREAS the Commission further ordered that pursuant to clause 6 of subsection 127(1) of the Act that the Temporary Order shall take effect immediately and shall expire on the fifteenth day after its making unless extended by the Commission;
TAKE NOTICE that the Commission will hold a hearing pursuant to section 127 of the Act at its offices on the 17th Floor, 20 Queen Street West, Toronto, Ontario commencing on Wednesday, the 29th day of August, 2001, at 10:00 a.m. or as soon thereafter as the hearing can be held:
TO CONSIDER whether, pursuant to sections 127(1) and 127.1 of the Act, it is in the public interest for the Commission:
(a) To make an order to extend the Temporary Order until this hearing is concluded;
(b) To make an order that the Respondent cease trading in securities, permanently or for such time as the Commission may direct;
(c) To make an order that the registration of the Respondent be terminated, suspended or restricted for such period as directed by the Commission, and/or that terms and conditions be imposed as directed by the Commission;
(d) To make an order that any exemptions contained in Ontario securities law do not apply to the Respondent permanently, or for such period as specified by the Commission;
(e) To make an order that the Respondent be reprimanded;
(f) To make an order that the Respondent pays the costs of Staff's investigation and the costs of, or related to, this proceeding, incurred by or on behalf of the Commission; and
(g) To make such other order as the Commission may deem appropriate.
BY REASON OF the allegations set out in the Temporary Order and such additional allegations as counsel may advise and the Commission may permit;
AND TAKE FURTHER NOTICE that any party to the proceeding may be represented by counsel at the hearing;
AND TAKE FURTHER NOTICE that upon failure of any party to attend at the time and place aforesaid, the hearing may proceed in the absence of that party and such party is not entitled to any further notice of the proceeding.
DATED at Toronto this 14th day of August, 2001.
