The offender pleaded guilty to contravening Ontario Securities law by acting as a general manager of a transfer agency while subject to a prohibition order.
The Crown sought a fine and probation, while the defence sought a suspended sentence and probation.
The court found that the offender's conduct was a mistake of law, openly disclosed, and resulted in no financial loss to anyone.
Considering the offender's severe financial hardship, remorse, and a suicide attempt upon learning of the investigation, the court applied the principles of proportionality and restraint, concluding that a fine would be unfit.
A suspended sentence with two years of probation was imposed.