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.