The moving party brought a motion to strike the Commission's statement of allegations against him, arguing it failed to set out material facts establishing he committed the alleged breaches of the Securities Act.
The Capital Markets Tribunal declined to strike the allegations but ordered the Commission to provide particulars regarding the allegation that the moving party breached s. 126.1(1)(b) of the Act.
The Tribunal found the allegations regarding false or misleading statements under s. 122(1)(a) were sufficient.
