Malinda Alvaro

Staff of the Ontario Securities Commission applied for an inter-jurisdictional enforcement order against the respondents pursuant to subsections 127(1) and 127(10) of the Securities Act, based on a prior order of the Alberta Securities Commission.

The Alberta panel had found that the respondents engaged in unregistered trading, illegal distribution of securities, and made materially misleading statements to investors.

The Commission found that the respondents' misconduct was serious and would have constituted contraventions of the Ontario Securities Act.

The Commission granted the application and issued a reciprocal order imposing trading bans, acquisition bans, and director/officer bans on the respondents to protect the Ontario capital markets.

Staff of the Ontario Securities Commission sought an inter-jurisdictional enforcement order against the respondents, who operated a binary options trading platform.

The Financial and Consumer Affairs Authority of Saskatchewan had previously found that the respondents engaged in unregistered trading and imposed permanent bans and financial penalties.

The Commission found that the threshold criteria under subsection 127(10) of the Securities Act were met and that it was in the public interest to issue a reciprocal order.

The respondents were permanently banned from trading in securities, acquiring securities, and acting as registrants in Ontario.

Staff of the Ontario Securities Commission sought an inter-jurisdictional enforcement order against the respondent based on a British Columbia Securities Commission (BCSC) order.

The respondent had obtained leave to appeal the BCSC decisions and a stay of execution of the sanctions from the British Columbia Court of Appeal.

Staff requested an adjournment pending the outcome of the appeal.

The Commission granted the adjournment sine die, noting that because of the stay of execution, the BCSC order was not currently operative, and an order in Ontario would impose restrictions to which the respondent was not currently subject in British Columbia.

Staff of the Ontario Securities Commission sought an inter-jurisdictional enforcement order against the respondents under subsection 127(10) of the Securities Act, based on a decision of the British Columbia Securities Commission (BCSC).

The BCSC had found that the respondents perpetrated a massive Ponzi scheme, engaged in unregistered trading, and made illegal distributions, raising $11.7 million from investors.

The respondents did not participate in the written hearing.

The Commission found that the threshold criteria for a reciprocal order were met and that it was in the public interest to impose sanctions in Ontario.

The Commission ordered permanent and time-limited trading bans, acquisition bans, and director/officer bans against the respondents, mirroring the BCSC's sanctions to protect Ontario capital markets.

Staff of the Ontario Securities Commission sought an inter-jurisdictional enforcement order against the respondents under subsection 127(10) of the Securities Act, based on a prior order of the Alberta Securities Commission.

The respondents had admitted to unregistered trading, illegal distribution, and fraud in Alberta.

The Commission found that the threshold criteria for a reciprocal order were met and that it was in the public interest to protect Ontario investors by imposing permanent trading and registration bans mirroring those imposed in Alberta.

Staff of the Ontario Securities Commission sought a reciprocal order against the respondent under s. 127(10) of the Securities Act, based on a prior order of the British Columbia Securities Commission (BCSC).

The BCSC had found that the respondent intentionally breached a previous settlement agreement by acting as a de facto director and engaging in investor relations activities.

The respondent did not participate in the written hearing.

The Commission found that the threshold for a reciprocal order was met and that it was in the public interest to impose prospective sanctions to protect Ontario's capital markets.

The Commission ordered that the respondent resign any positions as a director or officer and be prohibited from acting as a director, officer, registrant, investment fund manager, or promoter until the conditions of the BCSC order are met.

Staff of the Ontario Securities Commission sought an inter-jurisdictional enforcement order against the respondents following a decision by the Financial and Consumer Affairs Authority of Saskatchewan (FCAA).

The FCAA found the respondents engaged in unregistered trading of binary options and fraudulent practices.

The Commission found that the threshold under s. 127(10) of the Securities Act was met and that it was in the public interest to reciprocate the FCAA's sanctions.

The Commission ordered permanent trading and acquisition bans against the respondents to protect Ontario's capital markets.