Evgueni Ivonov Todorov Charged Quasi-Criminally with Fraud, Unregistered Trading, Illegal Distribution and Breaching an OSC Order
For Immediate Release OSC Enforcement Before the Court
TORONTO – The Ontario Securities Commission (OSC) announced today that Evgueni Ivonov Todorov of Toronto, Ontario has been charged with alleged breaches of the Securities Act (Ontario) following an investigation by the OSC’s Joint Serious Offences Team (JSOT).
Following a six-month investigation by JSOT, Todorov was charged with one count of fraud contrary to section 126.1(1)(b) of the Securities Act, one count of trading without registration as required by section 25(1) of the Securities Act and one count of trading in securities without a prospectus as required by section 53(1) of the Securities Act.
Todorov was further charged with trading in securities while he was prohibited from doing so by order of the Commission dated March 6, 2015.
Todorov continues to be subject to a cease trade order prohibiting him from trading in securities.
Todorov is scheduled to appear in court in this matter on June 7, 2016 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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