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 20, 2014
|Date and Time||Proceeding Information|
|October 22, 2014 @ 11 AM||Defendant: Matter: Londoni Gold Corp.
Purpose: 1st Appearance
Location: Old City Hall, Ct# 111
In attendance for Staff: OSC Lawyer: Sean Horgan