Peter Robinson Sentenced to 30 Days in Jail for Breaching OSC Cease Trade Order

TORONTO – Mr. Justice David P. Cole of the Ontario Court of Justice today sentenced Peter Robinson to 30 days in jail, 240 hours of community work service and two years probation for violating the terms of an Ontario Securities Commission cease trade order.

Mr. Robinson pled guilty to the offence in November 2010, after staff of the OSC charged Mr. Robinson in November 2009 with one count of violating Section 122 of the Securities Act (Ontario).

The cease trade order Mr. Robinson violated was made against him in February 2009 and remains in effect. Cease trade orders prohibit individuals or companies from trading in securities.

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 capital markets. Investors are urged to check the registration of any person or company offering an investment opportunity and to review the OSC investor materials available at www.osc.ca.

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