OSC

First Leaside founder deceived investors: OSC Fallback Image Decorative pattern

Industry

First Leaside founder deceived investors: OSC

OSC alleges David Charles Phillips, founder and directing mind of First Leaside Group, intentionally deceived investors by selling and overseeing securities sales of approximately $19 million in 2011, while withholding important information.

By Staff |June 5, 2012

2 min read

OSC sanctions Sextant Capital for fraud Fallback Image Decorative pattern

Industry

OSC sanctions Sextant Capital for fraud

An Ontario Securities Commission (OSC) panel has released its reasons for decision on sanctions and costs against Sextant Capital Management (SCM), Sextant Capital GP (SC), Otto Spork, Konstantinos Ekonomidis, and Natalie Spork (N. Spork). On May 17, 2011, an OSC panel found Spork, SCM and SC committed fraud contrary to the Securities Act. The panel […]

By Staff |June 5, 2012

1 min read

OSC puts an end to jitney preferencing Fallback Image Decorative pattern

Industry

OSC puts an end to jitney preferencing

Jitney preferencing, comparable to circular trading, impedes fair marketplace access and should not be facilitated, says the Ontario Securities Commission. A jitney order refers to the execution and clearing of orders by one member of a stock exchange for the account of another member. For example, a small investment dealer that can’t support a trader […]

May 17, 2012

1 min read

OSC lays quasi-criminal charges Fallback Image Decorative pattern

Industry

OSC lays quasi-criminal charges

Two people charged with one count each of engaging in fraud against persons or companies to whom they traded securities.

By Staff |April 5, 2012

1 min read