Bushell, John David - Director's Decision

IN THE MATTER OF THE SECURITIES ACT

R.S.O. 1990, c.S.5, AS AMENDED

AND

IN THE MATTER OF THE APPLICATION FOR

REGISTRATION OF

JOHN DAVID BUSHELL

HEARING BEFORE THE DIRECTOR

PURSUANT TO SUBSECTION 26(3) OF THE SECURITIES ACT

Motion Heard: October 12, 2000

Director: William R. Gazzard

John David Bushell: In Person

Staff of the Kathryn J. Daniels, Counsel

Ontario Securities Commission

DIRECTOR'S DECISION

In response to Mr. Bushell's application (OSC Registration File Number 100914) under the Securities Act (Ontario) (the"Act") for registration as a salesperson to act on behalf of Bank of Montreal Investor Services Limited, staff of the OntarioSecurities Commission (the "Commission") advised Mr. Bushell, in their letter dated August 24, 2000 that staff wererecommending that Mr. Bushell's application for registration be denied on the grounds that he was not suitable forregistration.

Bank of Montreal Investor Services Limited is registered under the Act as a "dealer" in the category of "investmentdealer".

In staff's letter, Mr. Bushell was advised that, pursuant to subsection 26(3) of the Act, before a decision of the Directorwould be made in respect of his application for registration, he would have a right to be heard. Mr. Bushell requestedthat right and a hearing was held before me on October 12, 2000.

At the hearing, I heard testimony from Mr. Bushell and received submissions from Mr. Bushell and from counsel forstaff of the Commission.

On the basis of the testimony, and after having considered the submissions, as well as reviewing the transcript of thehearing, it appears to me that the applicant, Mr. John David Bushell, at this time, is not suitable for registration as asalesperson to act on behalf of Bank of Montreal Investor Services Limited.

I therefore refuse the application for registration. My written reasons for this decision will follow.

January 24, 2001.

"William R. Gazzard"