The appellant, a registered representative, appealed an Ontario Securities Commission (OSC) decision that overturned an IIROC Hearing Panel's penalty decision and imposed a two-year suspension of her registration.
The appellant had recommended and facilitated off-book investments in second mortgages without her employer's knowledge or approval, and without ensuring prospectus requirements were met.
The Divisional Court dismissed the appeal, finding that the OSC's decision to intervene and impose a suspension was reasonable, justified, and within the range of acceptable outcomes.
