(September 8 – 14:00 ET) – The Ontario Securities Commission has
issued a Notice of Hearing and Statement of Allegations against
CCI Capital Canada Limited, a mutual fund dealer registered with
the Commission.
Staff of the Commission allege that CCI failed to comply with terms
and conditions imposed on its registration which required CCI to file
certain financial information with the Commission on a monthly basis.
In addition, staff allege that CCI failed to meet minimum capital
requirements since May 31, 1999 in the amount of $38,725.00. They
seek suspension of CCI registration.
The hearing in this matter will commence on Thursday, September 9,
1999 at 10:00 a.m. in the main hearing room of the Commission located
on the 8th Floor, 20 Queen Street West, Toronto.
The registration of CCI remains in effect unless the Commission makes
an order following consideration of Staff’s allegations.
-IE Staff
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