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Michelle Dunk Charged Quasi-Criminally With Unregistered Trading, Illegal Distribution and Breaching an OSC Cease Trade Order
For Immediate Release OSC Enforcement Before the Court
TORONTO – The Ontario Securities Commission (OSC) announced today that Michelle Dunk of Waterloo, Ontario has been charged with alleged breaches of the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team (JSOT).
Dunk was charged with one count of trading without registration as required by section 25(1) of the Securities Act and one count of trading in securities without a prospectus as required by section 53(1) of the Securities Act.
Dunk was further charged with one count of trading in securities during a time when she was prohibited from trading in securities by order of the Commission dated July 27, 2011.
Dunk continues to be subject to a cease trade order prohibiting her from trading in securities.
It is alleged that between September 2011 and February 2012, Dunk was involved in the sale and distribution of Hockley Energy securities to Ontario investors. Approximately $600,000 was raised from investors during this scheme. It is further alleged that Dunk has never been registered with the Commission under the Securities Act, and no prospectuses qualifying any Hockley Energy related securities have ever been filed with the Commission.
Dunk is scheduled to appear in court on this matter on September 15, 2015 at 9:00 a.m. in Courtroom # 106 at the Ontario Court of Justice, 85 Frederick Street, Kitchener, Ontario.
JSOT was established by the OSC as an enforcement partnership between the OSC, the Royal Canadian Mounted Police Financial Crime program and the Ontario Provincial Police Anti-Rackets Branch. The primary objective of JSOT is to protect investors and further enhance confidence in the Canadian capital markets through effective enforcement. This is accomplished through collaborative investigations of serious violations of the law using the provisions of the Securities Act or the Criminal Code.
The mandate of the OSC is to provide protection to investors from unfair, improper or fraudulent practices and to foster fair and efficient capital markets and confidence in the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at www.osc.ca
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