Individuals or companies with unpaid OSC sanctions

The Ontario Securities Commission (OSC) identifies, in the list below, individuals or companies with unpaid administrative  penalties, disgorgement orders and costs, and any applicable interest, ordered against them in enforcement proceedings. Individuals or companies who have monetary sanctions against them may also have conduct bans such as trading bans and bans on acting as a director or officer of a public company. This information, if applicable, is included in the Commission order.

This list is updated quarterly.

When will an individual or company be added to this list?

Generally speaking, an individual or company who does not pay the full amount of the monetary sanctions ordered against them will be placed on this list no earlier than 30 days after the relevant Commission order is issued, unless an appeal has been filed. However, there are other situations which may affect this, such as:

  • if the Commission order contains a specific provision for date of payment, placement on the list will occur no earlier than 30 days after that date
  • if a settlement agreement expressly provides for a date for payment, placement on the list will occur no earlier than 30 days from the date in the agreement
  • if a settlement order is silent as to payment date, placement on the list will occur no earlier than 30 days from the date of the Commission order approving the settlement
  • if a Commission order or a settlement agreement stipulates dates that recurring payments are to be made by, and a payment is not made in accordance with that schedule, placement on the list will occur no earlier than 30 days from the date the payment was due

Please note: amounts owing to the OSC in proceedings that are subject to ongoing litigation or outstanding appeals or costs owing to the Commission that were imposed by courts in Ontario are not included in the list.

Respondents with requests to update or correct information should contact the OSC.

Delinquent Respondents

Results 21 - 40 of 444
Respondent
Related order
Amount owing individually
Amount owing jointly
Amount outstanding
Ahluwalia, Balbir
$274,000.00
$936,000.00
(MBS Group (Canada) Ltd. and Balbir Ahluwalia)
full
Ahluwalia, Mohinder
$636,000.00
full
Alberta Energy Corp.
$176,774.53
(Al-tar Energy Corp., Alberta Energy Corp., Drago Gold Corp., David C. Campbell, Abel Da Silva, Eric F. O’Brien and Julian M. Sylvester)
full
Allarde, Naida
$15,000.00
$215,790.00
(Simply Wealth Financial Group Inc., Naida Allarde, Bernardo Giangrosso)
full
Allen, Joseph Edward
$600,624.00
full
Allen, Lorne
$186,335.33
(Edward Furtak, Axton 2010 Finance Corp., Strict Trading Limited, Lorne Allen, and Strictrade Marketing Inc.)
Full
Al-Tar Energy Corp.
$749,064.50
(Al-tar Energy Corp., Alberta Energy Corp., Drago Gold Corp., David C. Campbell, Abel Da Silva, Eric F. O’Brien and Julian M. Sylvester)
Full
Amar, David
$1,019,220.00
Partial
American Heritage Stock Transfer Inc. - Ontario
$159,256.87
(Kolt Curry, American Heritage Stock Transfer Inc., American Heritage Stock Transfer, Inc.)
Partial
American Heritage Stock Transfer, Inc. - Nevada
$159,256.87
(Kolt Curry, American Heritage Stock Transfer Inc., American Heritage Stock Transfer, Inc.)
Partial
Anderson, Ernest
$126,795.00
$4,664,258.10
(Ernest Anderson and Golden Gate Funds LP)
Full
Arconti, Alexander Flavio
$600,000.00
$3,294,691.16
(Alexander Flavio Arconti, Luigino Arconti, North American Capital Inc.)
Full
Arconti, Luigino
$600,000.00
$3,294,691.16
(Alexander Flavio Arconti, Luigino Arconti, North American Capital Inc.)
Full
Armadillo Energy Inc. (“Armadillo Texas”)
$300,000.00
$3,551,769.80
(Armadillo Energy Inc. (“Armadillo Texas”), Armadillo Energy, Inc. (“Armadillo Nevada”) and Armadillo Energy, LLC, also known as Armadillo Energy LLC (“Armadillo Oklahoma”) )
Full
Armadillo Energy, Inc. (“Armadillo Nevada”)
$300,000.00
$3,551,769.80
(Armadillo Energy Inc. (“Armadillo Texas”), Armadillo Energy, Inc. (“Armadillo Nevada”) and Armadillo Energy, LLC, also known as Armadillo Energy LLC (“Armadillo Oklahoma”) )
Full
Armadillo Energy, LLC, also known as Armadillo Energy LLC (“Armadillo Oklahoma”)
$300,000.00
$3,551,769.80
(Armadillo Energy Inc. (“Armadillo Texas”), Armadillo Energy, Inc. (“Armadillo Nevada”) and Armadillo Energy, LLC, also known as Armadillo Energy LLC (“Armadillo Oklahoma”) )
Full
Asfour, Amal Tawfiq
$6,341,291.07
(GITC Investments & Trading Canada Ltd. (carrying on business as GITC Investments & Trading Canada Inc.), GITC Inc., and Amal Tawfiq Asfour)
Partial
Ashanti Corporate Services Inc.
$200,000.00
(Marlon Gary Hibbert, Ashanti Corporate Services Inc., Dominion International Resource Management Inc., Kabash Resource Management, Power To Create Wealth Inc. and Power To Create Wealth Inc. (Panama))
Full
Asia Pacific Energy, Inc.
$2,181,217.94
(Basil M Toussaint, Michael Gahunia and Global Partners Capital, Asia Pacific Energy, Inc., 1666475 Ontario Inc., Kit Ching Pan, Hau Wai Cheung, Alex Pidgeon and Rafique Jiwani)
Full
Axcess Automation LLC,
$5,854,517.58
(Axcess Automation LLC, Axcess Fund Management LLC, Axcess Fund LP, Driver, Steven M. Taylor, Berkshire Management Services Inc. Carrying On Business As International Communication Strategies, 1303066 Ontario Ltd. Carrying On Business As Acg Graphic Communications, Montecassino Management Corporation, Reynold Mainse and World Class Communications)
Full