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 October 27, 2014
|Date and Time||Proceeding Information|
October 28, 2014 @ 9:30 am
|Defendant: Matter: Osler, Amte, Grewal, Ozga, Colbert
Purpose: Continuation of JPT
Location: Old City Hall, in Judges' Chambers
In attendance for Staff: OSC Lawyers: Jon Feasby and Cameron Watson