21 total
Reciprocal sanctions imposed on respondents based on prior British Columbia Securities Commission order for unregistered trading.
Staff of the Ontario Securities Commission applied for an inter-jurisdictional enforcement order against the respondents under s. 127(10) of the Securities Act, based on a prior order of the British Columbia Securities Commission.
The BCSC had found that the respondents engaged in unregistered trading and illegal distribution of securities.
The OSC found that it was in the public interest to protect Ontario investors and capital markets by imposing reciprocal sanctions.
The OSC ordered that the respondents cease trading in securities and be prohibited from acting as directors or officers of any issuer for a period of five years, subject to limited exceptions.
