Order: In the Matter of Frank Mersch and Peter Cunti

Order
IN THE MATTER OF THE SECURITIES ACT,
R.S.O. 1990, c.S.5, AS AMENDED
AND
IN THE MATTER OF
FRANK MERSCH AND PETER CUNTI
ORDER
(Section 127(1))

WHEREAS on May 7, 1998, the Ontario Securities Commission (the "Commission") issued a notice of hearing pursuant to section 127(1) of the Securities Act,R.S.O. 1990, c. S.5, as amended (the "Act") in respect of Frank Mersch ("Mersch") and Peter Cunti;

AND WHEREAS Mersch and staff of the Commission entered into a settlement agreement dated June 10, 1998 (the "Settlement Agreement") in which theyagreed to a proposed settlement of the proceeding respecting Mersch, subject to the approval of the Commission;

AND WHEREAS Mersch has agreed that he shall not reapply for registration for a period of six months from the date of this order;

AND UPON reviewing the Settlement Agreement and the statement of allegations of staff of the Commission, and upon hearing submissions from counsel forMersch and from staff of the Commission;

AND WHEREAS the Commission is of the opinion that it is in the public interest to make this order;

IT IS ORDERED THAT:

(1) the Settlement Agreement dated June 10, 1998, attached to this order, is hereby approved; and

(2) pursuant to clause 1 of subsection 127(1) of the Act, Mersch shall not reapply for registration prior to December 11, 1998.

June 11th, 1998.

"J. F. Howard"

"R. Stephen Paddon"