Proceedings

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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