OSC Proceedings
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 May 27, 2013
| Date and Time | Proceeding Information | ||||
|---|---|---|---|---|---|
| May 28, 2013 10:00 AM |
Defendant: Equity Capital Management, Campbell and DaSilva Purpose: Trial Location: Ontario Court of Justice, Brampton, Courtroom 107 before Her Honour Justice Bruce Duncan In attendance for Staff: C. Watson |
||||
| May 31, 2013 10:00 AM |
Defendant: Bedford Purpose: Sentencing Location: Hamilton Courtroom #206 In attendance for Staff: C. Watson |
||||
