Securities Law & Instruments

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

ORDER

WHEREAS on March 7, 2014, the Ontario Securities Commission (the "Commission") issued a Notice of Hearing (the "Notice of Hearing") pursuant to subsections 127(1) and 127(10) of the Securities Act, R.S.O. 1990, c. S.5 as amended (the "Act") accompanied by a Statement of Allegations of Staff of the Commission dated March 7, 2014 with respect to Howard Rash ("Howard Rash");

AND WHEREAS the Notice of Hearing announced that a hearing would be held at the offices of the Commission on March 28, 2014;

AND WHEREAS on March 28, 2014, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS the Commission was satisfied that Rash had notice of the hearing and consented to an adjournment;

AND WHEREAS on March 28, 2014, the Commission ordered that the hearing be adjourned to May 27, 2014 at 10:00 a.m.;

AND WHEREAS on May 27, 2014, Staff attended the hearing and no one appeared on behalf of Rash;

AND WHEREAS Staff requested an adjournment of the hearing to permit the parties to pursue a resolution of this proceeding;

AND WHEREAS the Commission was satisfied that Rash had notice of the hearing and consented to the adjournment;

AND WHEREAS on May 27, 2014, the Commission ordered that the hearing be adjourned to August 27, 2014 at 10:00 a.m.;

AND WHEREAS Rash entered into a settlement agreement with Staff dated June 18 and 19, 2014 (the "Settlement Agreement") in which Rash agreed to a proposed settlement of the proceeding commenced by the Notice of Hearing dated March 7, 2014, subject to the approval of the Commission;

AND WHEREAS on June 23, 2014, the Commission issued a Notice of Hearing pursuant to subsection 127(1) of the Act to announce that it proposed to hold a hearing on June 26, 2014 to consider whether it is in the public interest to approve a settlement agreement entered into between Staff and Rash;

AND WHEREAS on June 26, 2014, Staff, Rash and counsel for Rash attended the hearing;

AND WHEREAS on June 26, 2014, the Commission approved the Settlement Agreement and issued an order in the form attached to the Settlement Agreement that included various sanctions against Rash;

IT IS ORDERED that the hearing date scheduled for August 27, 2014 is vacated.

DATED at Toronto this 26th day of June, 2014.

"Edward P. Kerwin"