The Ontario Securities Commission (OSC) has announced that Sydney Klein, of Thornhill, Ontario, was sentenced to two years of probation with conditions at the Ontario Court of Justice in Newmarket, Ontario. Klein’s conditions require him to cease trading in securities, to refrain from acting in, and to resign, from any officer or director positions in…
Read moreThe Ontario Securities Commission (OSC) has approved a no-contest settlement agreement with Scotia Capital Inc., Scotia Securities Inc. and HollisWealth Advisory Services Inc. (the Scotia Dealers) in relation to a matter that the Scotia Dealers discovered and self-reported to the OSC and that resulted in certain clients paying excess fees. This settlement follows allegations by OSC…
Read moreThe Ontario Securities Commission (OSC) has published OSC Staff Notice 51-727 Corporate Finance Branch 2015-2016 Annual Report. This report provides key information to the individuals and entities the OSC regulates, as well as their advisors, to help them comply with regulatory obligations. Current issues and trends related to continuous disclosure, offerings and exemptive relief applications are…
Read moreThe Ontario Securities Commission (OSC) has published OSC Staff Notice 33-747 Annual Summary Report for Dealers, Advisers and Investment Fund Managers. The report describes initiatives undertaken by the OSC’s Compliance and Registrant Regulation Branch in the 2015-2016 fiscal year, including registration and compliance activities, policy initiatives and new programs. Debra Foubert, Director of Compliance and Registrant…
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