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 November 15, 2014
|Date and Time||Proceeding Information|
December 16, 2014 @ 9:30 am
|Defendant: Osler Energy Corporation
Purpose: Judicial Pre-trial
Location: Old City Hall
In attendance for Staff: Cameron Watson
December 19, 2014 @ 2 pm
|Defendant: Omokhodian Oshingbeme
Purpose: To be spoken to
Location: Old City Halll, Courtroom 111
In attendance for Staff: Jon Feasby