Ontario Securities Commission
IN THE MATTER OF THE SECURITIES ACT, RSO 1990, c S.5
- AND -
IN THE MATTER OF ARGOSY SECURITIES INC. and KEYBASE FINANCIAL GROUP INC.
REASONS FOR DECISION (Section 8 of the Securities Act)
Hearing: January 15, 18 and 20, 2016
Decision: April 20, 2016
Panel: Timothy Moseley, Commissioner and Chair of the Panel Grant Vingoe, Vice Chair of the Commission Deborah Leckman, Commissioner
Appearances: Joseph Groia, Kevin Richard, David Sischy For Argosy Securities Inc. and Keybase Financial Group Inc.
Gavin Smyth, Michael Denyszyn For Staff of the Commission
TABLE OF CONTENTS
I.......... OVERVIEW II........ PRELIMINARY MATTER – CONFIDENTIALITY III....... EVENTS LEADING TO THIS PROCEEDING A. Staff recommends terms and conditions B. Director's Decision C. Motion for a stay of the Director's Decision D. Hearing and Review IV....... FACTUAL BACKGROUND A. Argosy
- About the firm
- IIROC reviews and proceeding
- OSC Staff Review B. Keybase
- About the firm
- MFDA reviews and proceeding
- OSC Staff Review V......... LEGAL FRAMEWORK A. Nature of hearing and review B. Basis for imposition of terms and conditions C. Provisions of Ontario securities law VI....... ISSUES VII...... ANALYSIS A. Introduction
- Purposes of the Act
- Registration
- Witnesses (a) Noel Sequeira (b) Leo Purcell 4