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 21, 2012
| Date and Time | Proceeding Information | ||||
|---|---|---|---|---|---|
| May 22, 2012 10:00 AM |
Defendant: Howard Rash Purpose: Set Date Location: Ontario Court of Justice, Newmarket, Courtroom 201 In attendance for Staff: H. Craig |
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