The Ontario Securities Commission (OSC) has levelled quasi-criminal charges against a Toronto man, and his company, alleging that they traded in securities without registration or a prospectus.
The OSC said Tuesday that Daniel Tiffin and Tiffin Financial Corp. (TFC) have been charged with one count of trading without registration, one count of trading in securities without a prospectus, and one count of trading in securities when they were prohibited from trading by an OSC cease trade order that was issued on December 22, 2009.
The allegations have not been proven, and the first court appearance in the case is scheduled for June 10 at the Ontario Court of Justice in Newmarket, Ont.
In the meantime, they remain subject to a cease trade order prohibiting them from trading in securities.
The OSC says that the charges come following an investigation by its Joint Serious Offences Team (JSOT), which is a partnership between the OSC, the RCMP Financial Crime program, and the OPP Anti Rackets Branch.