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 April 7, 2014
|Date and Time||Proceeding Information|
|April 17, 2014
|Defendant: Da Silva, Campbell, Equity Capital Management
Purpose: Confirmation Date
Location: Brampton Court House, Ct# 203
In attendance for Staff: Cameron Watson and Jon Feasby
|April 22, 2014
|Defendant: Allarde-Giangrosso, Naida
Purpose: To Be Spoken to followed by Judicial Pre-Trial, Matter
Location: Old City Hall, Ct# 111
In attendance for Staff: David Friesen