The Ontario Securities Commission will consider a settlement agreement reached by OSC staff with Offshore Marketing Alliance and Warren English on Monday February 17 in Toronto.

OSC staff allege that Offshore Marketing Alliance and English participated in an illegal distribution of securities in the form of “Prime Bank” trading contracts.

The terms of the settlement agreement between staff, Offshore Marketing Alliance and English are confidential until approved by the commission. The hearing is open to the public except as may be required for the discussion of confidential matters.

Copies of the Amended Notice of Hearing and Amended Statement of Allegations in this matter are available on the Commission’s Web site at www.osc.gov.on.ca.