IN THE MATTER OF
BDO CANADA LLP
D. Grant Vingoe, Vice Chair and Chair of the Panel
Lawrence P. Haber, Commissioner
Mary Anne De Monte-Whelan, Commissioner
FILE NO.: 2018-59
(Sections 127 and 127.1
of the Securities Act, RSO 1990, c S.5)
WHEREAS on January 24, 2020, the Ontario Securities Commission (the Commission) held a hearing at the offices of the Commission, located at 20 Queen Street West, 17th Floor, Toronto, Ontario, to consider the Joint Request for a Settlement Hearing filed by BDO Canada LLP (the Respondent) and Staff of the Commission for approval of a settlement agreement dated as of January 20, 2020 (the Agreement);
ON READING the Amended Statement of Allegations dated September 16, 2019 and the Agreement and on hearing the submissions of the representatives for the parties, including that the Commission has received $4.0 million in respect of the amounts ordered in paragraphs 2 and 3 below;
IT IS ORDERED THAT:
- the Agreement is approved;
- the Respondent be reprimanded, pursuant to paragraph 6 of subsection 127(1) of the Securities Act, RSO 1990, c S.5 (the Act);
- the Respondent pay an administrative penalty in the amount of $3,500,000, pursuant to paragraph 9 of subsection 127(1) of the Act, which amount be designated for allocation or use by the Commission in accordance with subsection 3.4(2)(b) of the Act; and
- the Respondent pay costs in the amount of $500,000, pursuant to section 127.1 of the Act.
" Lawrence P. Haber "
Lawrence P. Haber
" D. Grant Vingoe "
D. Grant Vingoe
" Mary Anne De Monte-Whelan "
Mary Anne De Monte-Whelan