Settlement agreements approved for unregistered trading in securities; respondents prohibited from acting as directors, officers, or registrants.
The Ontario Securities Commission held a hearing to consider whether to approve settlement agreements between Staff and five respondents.
The respondents admitted to acting as market intermediaries and trading in securities of Imagin Diagnostic Centres Inc. without being registered, contrary to section 25(1) of the Securities Act.
The Commission approved the settlement agreements, imposing various prohibitions on the respondents acting as directors, officers, or registrants, and ordering one respondent to pay a $15,000 administrative penalty.
