The respondents admitted to engaging in the business of trading and advising in securities without registration, in contravention of subsections 25(1) and 25(3) of the Securities Act.
The individual respondent also engaged in dishonest conduct by impersonating clients when dealing with registrants.
The Ontario Securities Commission approved the settlement agreement, finding it in the public interest despite the individual's history of regulatory misconduct, given his cooperation, remorse, and the efficiency of resolving the matter without a contested hearing.
