News & Events

News Release

Ontario Securities
Commission


20 Queen St. W.
Box 55, Suite 1900
Toronto, ON M5H 3S8
Commission des valeurs mobilières de l'Ontario
FOR IMMEDIATE RELEASE

November 22, 2011


Ontario Securities Commission Dismisses Rankin Application


TORONTO – The Ontario Securities Commission yesterday dismissed Andrew Rankin’s application under section 144 of the Securities Act (Ontario). Rankin had requested that the Commission revoke the order of the Commission dated February 21, 2008 approving and giving effect to the settlement agreement between Rankin and Staff of the Commission dated February 19, 2008.

The Commission considered the application after dismissing Staff ‘s motion that the Commission did not have jurisdiction under section 144 of the Act to hear the application.

The Commission dismissed Rankin’s application and found that Rankin had not satisfied the onus of establishing sufficient grounds to revoke the Commission order approving and giving effect to the Rankin Settlement agreement. A copy of the Reasons and Decision is available on the Commission website at www.osc.gov.on.ca.

 


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For Media Inquiries: media_inquiries@osc.gov.on.ca     Wendy Dey
Director, Communications & Public Affairs
416-593-8120

Carolyn Shaw-Rimmington
Manager, Public Affairs
416-593-2361

Dylan Rae
Media Relations Specialist
416-595-8934

For Investor Inquiries:     OSC Contact Centre
416-593-8314
1-877-785-1555 (Toll Free)