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 241 - 260 of 467
Respondent
Related order
Amount owing individually
Amount owing jointly
Amount outstanding
Loman, Kevin
$176,866.81
Partial
Lombardi, Paola
$750,000.00
$22,166,363.32
(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
Lounds, Kent Emerson
$200,000.00
$188,004.69
(Greg Marks and Kent Emerson Lounds)
Full
Lyndz Pharmaceuticals Inc.
$400,000.00
$1,700,000.00
(James Marketing, Michael Eatch, Rickey Mckenzie)
Full
M P Global Financing Ltd
$250,000.00
$2,092,680.77
(M P Global Financing Ltd and Joe Feng Deng)
Partial
Mainse, Reynold
$247,719.50
(Axcess Automation LLC, Axcess Fund Management LLC, Axcess Fund LP, Driver, Steven M. Taylor, Berkshire Management Services Inc. Carrying On Business As International Communication Strategies, 1303066 Ontario Ltd. Carrying On Business As Acg Graphic Communications, Montecassino Management Corporation, Reynold Mainse and World Class Communications)
Full
Majestic Supply Co. Inc.
$250,000.00
Full
Manor, Boaz
$8,800,000.00
Full
Maple Leaf Investment Fund Corp.
$3,295,806.00
(Joe Henry Chau, Sunil Tulsiani, Maple Leaf Investment Fund Corp., and Tulsiani Investments Inc.)
Full
Marks, Greg
$250,000.00
$188,004.69
(Greg Marks and Kent Emerson Lounds)
Full
Martinez, Wayne Gerard
$225,014.93
$1,151,674.50
(New Found Freedom Financial, Singh, Ron Deonarine, Martinez, Wayne Gerard)
Partial
Mason, John Douglas Lee
$1,174,175.21
$600,000.00
(Colby Cooper Capital Inc., Colby Cooper Inc., Pac West Minerals Limited, John Douglas Lee Mason)
Full
Mateyak, Laura
$743.13
Partial
Maxsood, Daniel also known as Muhammad M Khan
Related Order
Welcome Place Inc (Re)
$110,000.00
$1,774,329.44
(Welcome Place Inc. and Daniel Maxsood)
Partial
MBS Group (Canada) Ltd.
$936,000.00
(MBS Group (Canada) Ltd. and Balbir Ahluwalia)
Full
McErlean, Shaun Gerard
Related Order
McErlean (Re)
$8,191,040.49
(Shaun Gerard McErlean and Securus Capital Inc.)
Partial
Mckenzie, Rickey
$600,000.00
$700,000.00
(Lyndz Pharmaceuticals Inc., James Marketing)
Full
McKinnon, Stuart
$200,000.00
$1,569,347.34
(Pro-Financial Asset Management Inc., Stuart McKinnon)
Partial
McQuarrie, Gord
$500.00
Partial
Medra Corp.
Related Order
Ciccone (Re)
$469,528.75
Full