Panel orders almost $37 million in disgorgement and penalties
Former fund rep admitted to advising without registration and misleading investors
The panel found that contracts that were marketed as a tax-planning vehicle amounted to securities
Almost $3 million has been forfeited to Ontario’s Civil Remedies for Illicit Activities Office
The allegations relate to the sale of more than $1 million worth of securities of A4 Diamonds Inc. to Ontario investors
18-month jail sentence establishes a deterrent to others
Vernon Smith, who was sentenced to 15 months in jail last year, will make his first court appearance on Feb. 3 to address the latest allegations
Pair fined for illegal trades and distributions of Global 8, Halo Property Services and Canadian Alternative Resources securities
Approximately $1.2 million was raised from the sale of I-On securities
“Immigration-linked investment schemes” raised $6.68 million