The Ontario Securities Commission will convene a hearing today at 2pm to consider a settlement reached by staff of the commission and the respondent Irvine Dyck at the Alcohol & Gaming Commission of Ontario.

Mr. Dyck was previously registered with the commission to trade mutual fund securities and limited market products. The commission alleges that he participated in illegal distributions of the North George Capital Limited Partnerships, Lionaird Capital Corp. and Dual Capital Limited Partnership securities and engaged in other conduct contrary to Ontario securities law and the public interest.

The terms of the settlement agreement between Staff and Mr. Dyck are currently confidential and will remain so until approved by the commission. The hearing is open to the public except as may be required for the discussion of confidential matters.