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April Vuong Charged Quasi-Criminally With Unregistered Trading and Breaching an OSC Cease Trade Order
For Immediate Release OSC Enforcement Before the Court
TORONTO – The Ontario Securities Commission (OSC) announced today that April Vuong of Kitchener, Ontario has been charged with alleged breaches of the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team.
Vuong was charged with one count of trading without registration as required by section 25(1) of the Securities Act.
Vuong was further charged with one count of trading in securities during a time when she was prohibited from trading in securities by order of the Commission dated November 14, 2013.
Vuong continues to be subject to a cease trade order prohibiting her from trading in securities.
It is alleged that between February 2014 and February 2015, Vuong attempted to raise investment capital through the distribution of debenture agreements. It is further alleged that Vuong has never been registered with the Commission under the Securities Act.
Vuong is scheduled to appear in court on this matter on November 20, 2015 at 11:00 a.m. in Courtroom # 111 at Old City Hall - Ontario Court of Justice, 60 Queen Street West, Toronto, Ontario.
JSOT was established by the OSC as an enforcement partnership between the OSC, the Royal Canadian Mounted Police Financial Crime program and the Ontario Provincial Police Anti-Rackets Branch. The primary objective of JSOT is to protect investors and further enhance confidence in the Canadian capital markets through effective enforcement. This is accomplished through collaborative investigations of serious violations of the law using the provisions of the Securities Act or the Criminal Code.
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 the capital markets. Investors are urged to check the registration of any persons or company offering an investment opportunity and to review the OSC investor materials available at www.osc.ca
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