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 281 - 300 of 453
Respondent
Related order
Amount owing individually
Amount owing jointly
Amount outstanding
New Life Capital Strategies Inc.
$22,508,784.50
(New Life Capital Corp., New Life Capital Investments Inc., New Life Capital Advantage Inc., New Life Capital Strategies Inc., 2126375 Ontario Inc., 2108375 Ontario Inc., 2126533 Ontario Inc., 2152042 Ontario Inc., 2100228 Ontario Inc., 2173817 Ontario Inc. and 1660690 Ontario Ltd., Paola Lombardi, L. Jeffrey Pogachar)
Full
Nikolov, Sophia
Related Order
2241153 Ontario Inc (Re)
$579,929.14
(Evgueni Todorov, Setenterprice, Sophia Nikolov)
Partial
North American Capital Inc.
$600,000.00
$1,242,000.00
(Alexander Flavio Arconti, Luigino Arconti, North American Capital Inc.)
Full
Novielli, Pasqualino (also known as Lee or Lino Novielli)
$300,000.00
$868,782.75
(Goldpoint Resources Corporation, Pasqualino Novielli (also known as Lee or Lino Novielli), Brian Patrick Moloney (also known as Brian Caldwell), and Zaida Pimentel (also known as Zaida Novielli)
Partial
O’Brien, David M.
Related Order
O'Brien (Re)
$6,000.00
Full
O'Brien, Eric
$176,584.46
(Shallow Oil & Gas Inc., Eric O’Brien, Abel Da Silva and Abraham Herbert Grossman also known as Allen Grossman)
Partial
O'Brien, Eric F.
Related Order
Al-Tar Energy Corp (Re)
$500,000.00
$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
Ochnik, Richard
Related Order
Ochnik (Re)
$30,748.50
(Richard Ochnik and 1464210 Ontario Inc.)
Full
Oliveira, Antonio Carlos Neto David
$390,000.00
Full
Oliver, Matthew
$83,000.00
$118,616.00
Full
Onix International Inc.
$232,000.00
(Onix International Inc., Phipps, Tyrone Constantine)
Full
Pac West Minerals Limited
$1,223,800.00
$600,000.00
(Colby Cooper Capital Inc., Colby Cooper Inc., Pac West Minerals Limited, John Douglas Lee Mason)
Full
Paladin Capital Markets Inc.
$515,000.00
Full
Pan, Kit Ching
$350,000.00
$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
Pangilinan, Rafael
Related Order
Sunwide Finance Inc (Re)
$5,000.00
(Sunwide Finance Inc., Sun Wide Group, Sun Wide Insurers, Bryan Bowles, Robert Drury, Lorenzo M. Romero and Rafael Pangilinan)
Full
Pauly, Charles
$60,000.00
Full
Pelcowitz, David Paul
$400,000.00
$568,729.49
(IMG International Inc., Pelcowitz, David Paul)
Partial
Phillips, David Charles
Related Order
Phillips (Re)
$9,459,520.00
$8,158,606.50
(David Charles Phillips and John Russell Wilson)
Partial
Phipps, Tyrone Constantine
$25,000.00
$232,000.00
(Onix International Inc., Phipps, Tyrone Constantine )
Full
PhoenixFin Pte. Ltd.
Related Order
Mek Global Limited (Re)
$2,096,550.35
(MEK Global Limited and PhoenixFin Pte. Ltd.)
Full