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 THE FARINI COMPANIES INC.
and DARRYL HARRIS


ORDER
(Section 127)


      WHEREAS on April 22, 2003 the Ontario Securities Commission issued a Notice of Hearing pursuant to sections 127 and 127.1 of the Securities Act, R.S.O. 1990 c.S.5, as amended (the "Act") in respect of The Farini Companies Inc. and Darryl Harris (the "Respondents");

      AND WHEREAS the Respondents entered into a settlement agreement with Staff of the Commission dated June 23, 2003 (the "Settlement Agreement") in which they agreed to a proposed settlement of the proceeding, subject to the approval of the Commission;

      AND UPON reviewing the Settlement Agreement and the Statement of Allegations of Staff of the Commission, and upon hearing submissions from counsel for 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 23, 2003 attached to this Order is hereby approved;

  2. pursuant to clause 7 of section 127(1) of the Act, Darryl Harris is hereby required to resign his position as Director of Farini by June 30, 2003;

  3. pursuant to clause 8 of section 127(1) of the Act, Darryl Harris is hereby prohibited from becoming or acting as a director or officer of any issuer for a period of one year from the date of this order; and

  4. pursuant to clause 6 of section 127(1) of the Act, the Respondents are hereby reprimanded by the Commission.

DATED at Toronto this 25th day of June, 2003

 

 


"Kerry D. Adams"
Kerry D. Adams
"H. Lorne Morphy"
H. Lorne Morphy