Before the Courts
Under section 122 of the Securities Act (Ontario), the OSC has the authority to lay quasi-criminal charges against individuals or companies (the defendants) in the Ontario Court of Justice for alleged violations of the Act.
Quasi-criminal means that a jail term is a possible sanction if a defendant is convicted of a violation of the Act. The court can impose a jail term of not more than five years less a day, a fine of not more than $5 million for each conviction, or both.
The OSC pursues cases in court in order to seek sanctions and penalties that send a strong message of deterrence to those who try to exploit investors.
Upcoming Proceedings - Week of July 14, 2014
|Date and Time||Proceeding Information|
|July 18, 2014
|Defendant: Emerging World Pharma Inc. (Tombran and Milardovic, accused)
Purpose: To be spoken to
Location: Old City Hall, Court Room 111
In attendance for Staff: David Friesen and Sean Horgan