Home Ontario Securities Commission
Bitcoin Electronic Crypto Currency Exchange Concept Illustration

Regulator singles out five firms in investor alert

Judge gavel, scales of justice and law books in court

Ontario advisor violated securities rules by borrowing funds from several insurance clients

  • May 17, 2018 May 17, 2018
  • 11:00
Closeup of mallet being hit on stacked coins at table in courtroom

Trading in multiple accounts created a misleading appearance of market activity

The charges relate to the sale of securities in Hockley Energy and Rocky Point Energy

Gavel and legal books

Almost $3 million has been forfeited to Ontario’s Civil Remedies for Illicit Activities Office

business man riding a tortoise pointing with finger

Investor Advisory Panel calls on regulators to adopt a “best interest” standard as soon as possible

Judge gavel, scales of justice and law books in court

The conviction follows an OSC investigation into the sale of promissory notes offering 15% returns to investors

Open law book with a wooden judges gavel on table in a courtroom or law enforcement office isolated on white background

Registrants must not place their self-interest ahead of the interests of investors, OSC panel says

Proposed rules out for comment until May 22

  • April 24, 2018 April 24, 2018
  • 16:15
High angle view of mallet eyeglasses legal book in courtroom

OSC investigation reveals firm violated sales rule by overspending on gifts for reps and conference attendees