2 total
Request for summonses to OSC Staff dismissed as an impermissible attempt to re-litigate prior disclosure motion.
The respondents moved to stay an enforcement proceeding and requested the Tribunal issue summonses to five members of OSC Staff to testify at the stay motion hearing.
The respondents sought evidence regarding the OSC's decision to include compelled evidence in a receivership application without a section 17 order.
The Tribunal dismissed the request, finding it was an impermissible attempt to re-litigate issues already decided in a previous motion for documentary disclosure, and that the respondents failed to establish a reasonable basis that the summonses would lead to relevant evidence of abusive conduct.
Motion for expedited or separate merits hearing dismissed as allegations against respondents were inextricably intertwined.
The respondent, former Chief Compliance Officer of Bridging Finance Inc., brought a motion for an expedited or separate merits hearing regarding the allegations against him, citing financial constraints.
Staff of the Ontario Securities Commission and other respondents opposed the motion.
The Capital Markets Tribunal dismissed the motion, finding that the allegations against the moving party were inextricably intertwined with those against the other respondents, and that his proposed mechanisms would not result in a just, expeditious, and cost-effective proceeding.
