Posts Tagged 'securities fraud'

Divisional Court upholds Commissions decision not to revoke settlement agreement

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In a recent Divisional Court decision (January 11, 2013), the Ontario Superior Court of Justice denied the Appellant’s appeal to set aside an earlier order of the Ontario Securities Commission approving a settlement he had entered into with the staff of the Commission.

The Appellant, Andrew Rankin, was charged with insider trading and tipping under sections 76(1) and (2) of the Securities Act. It was alleged that he had given confidential information obtained through his employment at RBC Dominion Securities Inc. ...

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Fraudster reprimanded by OSC for his part in $40-million Ponzi scheme

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On Tuesday March 5, 2013, The Ontario Securities Commission (OSC) reprimanded a former dentist for his involvement in a $40-million Ponzi scheme.  This was part of the settlement agreement that Peter Sbaraglia entered into before the OSC.  Sbaraglia can now only own limited securities through his RRSP and is permanently banned from ever becoming an officer or director of any company or investment firm registered with the OSC.  At his hearing, Sbaraglia admitted to his role in having raised $21 ...

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