The Ontario Securities Commission (OSC) announced on Tuesday that two Ontario men have been charged with alleged breaches of the Securities Act following an investigation by the OSC’s Joint Serious Offences Team (JSOT).

Mark Lowman of Sharon, Ont. and Dave Jarrett of Keswick, Ont. are facing charges in connection with alleged unregistered trading and the illegal distribution of securities in two firms — Asia Global Energy Ltd. (also known as 2215259 Ontario Inc.) and Enviro Global Securities Corp.

The OSC alleges that between June 2012 and March 2014 Lowman and Jarrett were involved with the distribution and trading of securities in the two firms. Neither man has ever been registered with the OSC, and no prospectuses for the securities were ever filed, the OSC says in a statement.

None of the allegations have been proven.

Lowman and Jarrett were each charged with one count of trading without registration, one count of trading in securities without a prospectus, and one count of making prohibited representations.

They are scheduled to appear in court on Sept. 18, in Newmarket, Ont.