The Ontario Securities Commission applied to continue Freeze Directions over five trading accounts owned by the respondent, which allegedly contained proceeds of insider trading based on material non-public information.
The respondent opposed the continuation, arguing a lack of admissible evidence.
The court applied the low evidentiary threshold from Future Solar and found sufficient evidence to meet the three-part test, continuing the Freeze Directions until October 31, 2022, or the conclusion of proceedings.
