OSC Files Charges Against Jose Castaneda

OSC Files Charges Against Jose Castaneda

TORONTO – Staff of the Ontario Securities Commission laid charges against Jose Castaneda yesterday under the Provincial Offences Act. The charges arise from the fact that Castaneda continued to trade in securities without registration for a period of over 3 years after he had been prohibited from further trading by order of the Ontario Securities Commission.

Castaneda’s first court appearance is scheduled for Thursday, February 16, 2006, court room “C”, 9 a.m., at the Old City Hall courthouse, 60 Queen Street West, Toronto.

The charges laid by the Commission are as follows:

1. On or between the 1 st day of January, 1999 and the 30 th day of June, 2003, at the City of Toronto and elsewhere in the Province of Ontario, JOSE CASTANEDA did trade in securities without being registered to trade in securities as required by section 25(1) of the Securities Act , and did thereby commit an offence pursuant to section 122(1)(c) of the Securities Act ;

2. And further on or between the 1 st day of January, 1999 and the 30 th day of June, 2003, at the City of Toronto and elsewhere in the Province of Ontario, JOSE CASTANEDA did contravene Ontario Securities law by trading in securities at a time when he was prohibited from trading in securities by order of the Ontario Securities Commission, contrary to section 122(1)(c) of the Securities Act .

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