The Ontario Securities Commission has extended its July 6 temporary order suspending the registration of Buckingham Securities Corporation. The order also prohibits trading in any securities by Buckingham, Lloyd Bruce, the companyÕs president and compliance officer, and David Bromberg, a company director and salesman, as well as Harold Seidel.

As stated in the order, Buckingham had a capital deficiency of at least $1 million as of May 31, 2001. And Buckingham has failed to segregate securities held for its clients as required under Ontario securities law.

Further, the order further states that securities owned by clients of Buckingham are held in an account or accounts in the name of Buckingham with the following brokers: Rampart Securities Inc., W.D. Latimer Co. Limited, Canaccord Capital Corporation, BMO Nesbitt Burns Inc., Bear, Stearns & Co.
Inc., Dundee Securities Corporation and Laurentian Bank Securities Inc.

Buckingham has liabilities in relation to some of the accounts and it appears that securities owned by clients are being used as security for such liabilities. The Commission also extended the order that trading by the above-named brokers cease, with respect to securities held in an account or accounts in the name of Buckingham with each of the Brokers. The hearing of this matter has been adjourned to a latter date.