OSC Lays Charges Against David Campbell and Carlos Da Silva in Ontario Court of Justice

TORONTO – The Ontario Securities Commission announced today that charges were laid in the Ontario Court of Justice against David Campbell and Carlos Da Silva in connection with alleged breaches of Section 122(1)(c) of the Securities Act (Ontario).

Mr. Da Silva and Mr. Campbell were each charged with one count of trading in securities of Equity Capital Management (“ECM”) at a time when they were prohibited from trading in securities by Commission order, and one count of trading without registration in breach of Section 25(1)(a) of the Act.

Mr. Campbell was also charged with one count of trading in securities of Ameron Oil and Gas Limited at a time when he was prohibited from trading in securities by Commission order, and with trading in securities of ECM when he was subject to a separate temporary cease trade order by the Commission dated March 19, 2008.

The first court appearance for Mr. Campbell and Mr. Da Silva in this matter is scheduled to take place on March 17, 2011 at 9:00 a.m. in Courtroom #104 at the Ontario Court of Justice, 7755 Hurontario Street in Brampton, Ontario.

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 capital markets. Cease trade orders prohibit individuals or companies from trading in securities. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC investor materials available at www.osc.ca.

 

-30-