Staff of the Ontario Securities Commission brought a proceeding against the respondent for making misleading statements and breaching a cease trade order.
The hearing proceeded in writing after the respondent failed to file materials.
Based on affidavit evidence, the Commission found that the respondent made misleading statements regarding his employment history and financial situation, contrary to section 122(1)(a) of the Securities Act.
The Commission also found that the respondent breached a prior sanctions decision and cease trade order by trading securities, contrary to section 122(1)(c) of the Act.
A sanctions hearing was ordered to be scheduled.
