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 141 - 160 of 444
Respondent
Related order
Amount owing individually
Amount owing jointly
Amount outstanding
Fawad Ul Haq Khan
$200,000.00
$557,577.14
Fawad Ul Haq Khan, Khan Trading Associates Inc.
Full
Ffi First Fruit Investments Inc.
$1,000,000.00
(Heir Home Equity Investment Rewards Inc., Ffi First Fruit Investments Inc., Wealth Building Mortgages Inc.)
Full
Finkelstein, Mitchell
$575,000.00
Full
Firestone, Ari Jonathan
$134,638.00
Full
First Financial Services
$38,000.00
(David Simpson and First Financial Services)
Full
First Global Ventures, S.A.
$200,000.00
$52,573.74
(First Global Ventures, S.A. and Abraham Herbert Grossman)
Full
Friedman, Michael
$100,000.00
$2,380,390.00
(Uranium308 Resources Inc. and Michael Friedman)
Full
Funt, Alexander
$1,309,780.00
$38,782.00
(Howard Rash and Alexander Funt)
Partial
Furtak, Edward
$477,552.43
(Edward Furtak, Axton 2010 Finance Corp., Strict Trading Limited, Lorne Allen, Strictrade Marketing Inc., Ronald Olsthoorn, and Trafalgar Associates Limited)
Full
Gahunia, Gurdip Singh
$43,925.00
Partial
Gahunia, Michael
$114,000.00
$339,628.00
(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
Garner, Ron
$27,791.20
Full
Gauthier, Normand
$25,000.00
$1,896,237.29
Normand Gauthier, Gentree Asset Management Inc., R.E.A.L. Group Fund III (Canada) LP, and CanPro Income Fund I, LP
Partial
Geddes, Christopher Joseph
$233,400.00
Full
Gentree Asset Management Inc
$1,896,237.29
Normand Gauthier, Gentree Asset Management Inc., R.E.A.L. Group Fund III (Canada) LP, and CanPro Income Fund I, LP
Partial
German, Timothy
$500,000.00
$1,827,375.68
Bradon Technologies Ltd., Joseph Compta, Ensign Corporate Communications Inc. and Timothy German
Full
Giangrosso, Bernardo
$15,000.00
$215,790.00
(Simply Wealth Financial Group Inc., Naida Allarde, Bernardo Giangrosso)
Full
Gillani, Nazim
$1,919,000.00
(International Strategic Investments, International Strategic Investments Inc., Somin Holdings Inc., And Nazim Gillani)
Full
GITC Inc.
$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
GITC Investments & Trading Canada Ltd. (carrying on business as GITC Investments & Trading Canada Inc.)
$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