1 total
Settlement approved for unregistered trading and breach of cease trade order.
Staff of the Ontario Securities Commission alleged that the respondents breached a cease trade order, engaged in unregistered trading, and distributed securities without a prospectus.
The individual respondents admitted to the contraventions and entered into a settlement agreement with Staff.
The Commission approved the settlement, finding the agreed sanctions—including a $30,000 administrative penalty, $10,000 in costs, and a four-year market ban for each individual respondent—to be reasonable and in the public interest.
